KYIV. Dec 4 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will provide Ukraine with a EUR 160 million loan for the extension of the “green” subway line in Kharkiv.
According to the announcement posted on the bank’s website, the bank board of directors approved this project on November 29 this year.
The EBRD said the European Investment Bank (EIB) will provide co-financing of the same amount in the form of a sovereign loan, which it approved in September.
According to the materials of these international banks, Bernard Ingenieure ZT GmbH, under the contract with the EBRD, developed a feasibility study of the Kharkiv Metro expansion project, involving enterprise with foreign investments Tebodin Ukraine in due diligence.
The project provides for the extension of the “green” metro line in Kharkiv by 3.47 km towards the airport, the construction of two metro stations Derzhavynska and Odeska, the construction of depots and the purchase of 85 rolling stock units.
It is assumed that both stations and the section from the existing tunnels to the Derzhavynska station (959 meters) will be built in an “open way,” while the tunnels between the new stations (2,514 meters) will be built with the help of a tunneling complex.
KYIV. Dec 4 (Interfax-Ukraine) – The level of the aggregate index of costs for agricultural production in Ukraine (excluding the temporarily occupied territories of Crimea and Sevastopol, the ATO zone) in October 2017 was 102.1% from September of the same year.
According to the State Statistics Service of Ukraine, in January-October this year the corresponding index was 122.2% compared to the same period in 2016.
The index of costs for crop production in January-October 2017 amounted to 123.4%, livestock production some 118.6% compared to the same period in 2016.
The index of prices for material and technical resources of industrial origin used in agriculture in January-October this year amounted to 125.8% compared with the same period in 2016.
KYIV. Dec 4 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will issue a loan of EUR 25 million to Myronivsky Hliboproduct (MHP) for the construction of a 10 MW biogas plant in Vinnytsia region.
According to a report on the bank’s website, the bank’s board of directors approved the corresponding project on November 29.
This project will support MHP’s strategy to increase energy efficiency and improve the environmental impact on the environment, the EBRD said.
The total cost of the project is estimated at EUR 27 million.
The construction of a biogas plant is aimed at using the waste of the existing poultry facilities in Vinnytsia region to produce biogas, which will be used as an alternative energy source thanks to modern technologies.
As a result, it is expected to reduce greenhouse gas emissions by the equivalent of 85,500 tonnes of carbon dioxide a year.
Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of cereals, sunflower oil, and meat.
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.
