"Kharkiv-Signal" to receive Loan from the European Investment Bank

13:30 28.02.2024
Housing and communal services
"Kharkiv-Signal" to receive Loan from the European Investment Bank

The Municipal Enterprise "Kharkiv-Signal" has obtained approval from the City Council for a loan from the European Investment Bank to implement the project "Improving Road Safety in Ukrainian Cities".

The relevant decision was adopted today, February 28, at an extraordinary session of the Kharkiv City Council.

According to the Department of Construction and Road Management, this will contribute to enhancing road traffic safety in the City. The loan funds will be utilized to purchase, among other things, video cameras for creating an automated traffic control system and servers with an uninterruptible power supply system. This will enable the regulation of traffic jams and promote overall road safety.

To modernize the Dispatch Centre for Monitoring and Traffic Control, the Municipal Enterprise "Kharkiv-Signal" will receive a loan of 5.9 million euros.

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