KYIV. Dec 7 (Interfax-Ukraine) – The Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine hopes that the agreement on the provision of EUR 400 million for development of Ukrainian infrastructure signed with the European Investment Bank (EIB) in July 2015 will be ratified in 2016, the ministry has reported referring to Deputy Regional Development, Construction, Housing and Utilities Economy Minister for European Integration Roman Chuprynenko.
He said that at present the bill and a package of documents have been sent to the Foreign Ministry and the Ukrainian president.
Chuprynenko said that the EIB is providing funds to implement the municipal infrastructure upgrade project in heating, water supply and sewage areas, energy efficiency of buildings, street lighting and waste treatment.
As reported, referring to Deputy Prime Minister and Regional Development, Construction, Housing and Utilities Economy Minister Hennadiy Zubko, The financial agreement between Ukraine and the EIB to finance Ukraine Municipal Infrastructure Project was signed on July 23, 2015.
Zubko said that the general term of paying the loan under heating supply modernization projects is 22 years, and for water supply modernization projects – 30 years. The credit rate is 2%.
