Business news from Ukraine

Nordic Environment Finance Corporation to begin rebuilding infrastructure in 12 Kyiv Oblast communities

27 June , 2023  

Twelve communities in the Kyiv region are conducting technical design and procurement of contractor services for critical infrastructure rehabilitation projects supported by the European Union and Nordic Environment Finance Corporation (NEFCO).
“In December 2022, the European Union and NEFCO announced cooperation to reconstruct and repair critical municipal infrastructure in Ukraine. Currently, the first activities are underway in all 12 communities: technical design and procurement of contractor services by the communities with the support of NEFCO. Several tenders are under evaluation, and the first construction work is expected to begin soon,” NEFCO said in a Tuesday news release.
According to the report, EUR50 million has been allocated for the reconstruction program. The funds are allocated to restore and repair infrastructure in the Kyiv region’s heavily war-affected communities: Borodyanka, Borshchagivka, Dymere, Dmytrivka, Gostomel, Irpen, Ivankiv, Kalynivka, Nemeshayiv, Peskivka, Slovutych and Velyka Dymerka.
The works include repair and modernization of heating systems, wastewater treatment systems, and repair of water supply systems. It is expected that 245 thousand Ukrainians will feel the effect of the projects.
“We have already started preparatory work in all the selected communities and aim not only to repair, but also to improve municipal service delivery systems and introduce more energy-efficient and environmentally friendly solutions. Construction work on the first projects is in the early stages,” NEFCO Senior Advisor and Program Coordinator Ronnie Nilsson was quoted as saying in a press release.
In addition to NEFCO, the organization’s partners, CES-Clean Energy Solutions together with iC Consulenten, and the Urban Technology Alliance (UTA) are providing technical assistance for the projects to the municipalities.
NEFCO is an international financial institution which finances the expansion of Nordic green solutions into world markets. It was founded in 1990 by Denmark, Finland, Iceland, Norway and Sweden. In Ukraine, projects have been implemented in over 100 municipalities.
NEFCO currently manages five other EU-funded programs in Ukraine, in addition to a critical infrastructure rehabilitation project. They concern the modernization of water supply systems, the introduction of energy efficiency measures in public buildings and street lighting networks, and the construction, repair, and reconstruction of public buildings to house internally displaced persons.