KYIV. Sept 21 (Interfax-Ukraine) – Germany’s KfW (Kreditanstalt fur Wiederaufbau) Development Bank as of September 17, 2015 approved infrastructure development projects in Ukraine worth EUR 89.5 million that would be realized using the bank’s funds, Deputy Prime Minister and Regional Development, Construction, Housing and Utilities Economy Minister of Ukraine Hennadiy Zubko has said.
“The sum is EUR 89.5 million,” he said asked about the cost of the approved projects at a meeting of the Ukrainian-German working group on the selection of projects to be financed by KfW held in Kyiv on Thursday.
Zubko also said that on September 16, negotiations between Germany, the Energy and Coal Industry Ministry and Infrastructure Ministry on the provision of loans by KfW in the amount of EUR 150 million and EUR 60 million to realize transformer substation reconstruction and electric locomotive modernization projects respectively were held.
He said that the projects approved on September 17 concern reconstruction and modernization of facilities in the essential services area, in particular, this concerns investment of EUR 48 million into the water supply station in Dnipropetrovsk.
Projects on switching 257 budget-funded institutions to use alternative energy in Zaporizhia, projects in the water supply area in Izium and Chuhuyiv (Kharkiv region) and in the heating supply area in Lysychansk (Luhansk region) and Mariupol (Donetsk region) were also approved.
