The
President has signed Law № 346-VIII “On Ratification of the Financial Agreement
between Ukraine and the European Investment Bank (Project “Emergency Credit
Program to Restore Ukraine”)”. Under the Financial Agreement, the EIB will
provide EUR 200 million loan to Ukraine for the implementation of a series of
measures in 2015-2020 aimed at overcoming negative consequences of geopolitical
events in eastern regions of the country. The measures are, inter alia, the
following: support to the IDPs, restoration of main infrastructure facilities
in the territory of Donetsk and Luhansk regions controlled by the Ukrainian
authorities.
The
loan will be provided in the form of tranches from EUR 15 million to 40
million. The main measures are the restoration of infrastructure and
improvement of communal services’ quality (centralized water supply and
sanitation, electricity, district heating), repair of highways, railways,
bridges, damaged administrative buildings and social infrastructure.
The
Project also provides for the implementation of a series of infrastructure
projects in Zaporizhzhya, Dnipropetrovsk and Kharkiv regions and the
establishment of conditions for the return of IDPs to the places of their
previous residence.
The
Financial Agreement was signed on December 22, 2014 in Kyiv by Prime Minister
of Ukraine Arseniy Yatsenyuk and Vice President of the European Investment Bank
László Baranyay.
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