KYIV. Dec 4 (Interfax-Ukraine) – State-owned enterprise Energomarket has opened a closed-end credit line with a limit of UAH 2 billion in Oschadbank (Kyiv).
The electricity wholesale market operator said in the ProZorro e-procurement system that the agreement was signed on November 30, 2017.
The cost of the financing is UAH 379.6 million (VAT not included). The credit line is opened for 12 months.
As reported, the Cabinet of Ministers of Ukraine on October 18, 2017 allowed Oschadbank to issue a credit line in the amount of up to UAH 2 billion to state enterprise Energomarket for coal purchases. Energomarket will use the funds attracted to pay off debts to energy generating companies, while the latter will spend them on purchase of coal.
Energomarket planned to raise UAH 2 billion to pay the debt to energy generating companies accumulated before September 1, 2017.
KYIV. Nov 30 (Interfax-Ukraine) – The draft investment plan of PJSC Ukrzaliznytsia for 2018 provides for the purchase of 8,880 new wagons, of which 5,180 from third-party manufacturers, but this plan could be reduced due to a lack of funding, the deputy director of the Ukrzaliznytsia strategic management and development department, Oleksandr Malakhov, has said.
During the infrastructural day at the European Business Association he explained this plan was drawn up taking into account the investment of UAH 30.6 billion from own funds, whereas according to the current financial model there are only UAH 13.3 billion of own funds for the next year.
Malakhov said out of 5,180 cars to be bought from third-party manufacturers, 3,400 are to be purchased at the expense of a loan from the European Bank for Reconstruction and Development.
The deputy head of the Ukrzaliznytsia commercial work department, Oleksandr Karnachev, said the wagons bought for EBRD funds would be transferred to a specially created company, UZ Cargo Wagon.
According to Malakhov, it is planned to produce 3,700 new cars at Ukrzaliznytsia’s own capacities next year, of which 100 are platforms, and the rest are high-sided wagons.
KYIV. Nov 30 (Interfax-Ukraine) – The Finnish Ministry of Foreign Affairs and the Nordic Environment Finance Corporation NEFCO signed an agreement on November 29 to create a trust fund for financing renewable energy in Ukraine in the amount of EUR 6 million, the press service of the State Agency for Energy Efficiency of Ukraine reported.
“The Finnish-Ukrainian trust fund facilitates the provision of technical assistance and the allocation of grant funds for the implementation of clean energy projects in Ukraine,” the report said.
To date, NEFCO has already funded about 150 projects in the field of renewable energy and energy efficiency in Ukraine.
KYIV. Nov 30 (Interfax-Ukraine) – Germany will provide an additional EUR 750,000 for humanitarian projects of the Maltese Relief Service in Ukraine in 2018-2019, the German Embassy in Ukraine has reported.
“The government of the Federal Republic of Germany will continue to provide support to the Maltese Relief Service to continue its humanitarian assistance project with the aim of psychosocial care of persons affected by the conflict in eastern Ukraine. For this purpose, Germany will allocate about EUR 750,000 in 2018-2019,” the embassy said in a statement on Thursday.
The project provides for the development of skills of representatives of local authorities, humanitarian agencies and support services in the form of training events, as well as providing direct services to support those affected by the conflict in Donbas.
The embassy said that earlier this project received EUR 1.2 million in support from the German government.
The diplomats said that target areas of the measures are Donetsk and Luhansk regions, where mobile teams are deployed to help people in remote areas.
KYIV. Nov 29 (Interfax-Ukraine) – The project to develop high-speed transportation by rail on the Kyiv-Odesa route is economically viable and would require investment of around EUR 540-840 million, Ukrainian Infrastructure Minister Volodymyr Omelyan has said.
“I am sure by 200% that there will be passenger flow,” he said during the infrastructure day in the European Business Association (EBA) on Tuesday.
He said that it would take two hours to reach Odesa from Kyiv. The price of a ticket of UAH 500-700 will be competitive.
Omelyan said that the optimal is the route along the Kyiv-Odesa highway where the state has land parcels.
The minister said that construction of one kilometer of tracks would cost some EUR 1-2 million. This allows assessing the construction of the entire railway at EUR 500-800 million. Omelyan said that one train would cost some EUR 10 million and four trains would be required for organizing normal trips.
He said that it is expedient to organize transportation of freight using this route. Freight dispatchers and potential international operators of ports, with which Ukraine is holding negotiations, are interested in it.
The minister said that later this new railway track could be connected with Lviv and Europe, creating a new high-speed railway route.
