At a meeting on Friday, the Cabinet of Ministers of Ukraine agreed to increase the amount of a concessional loan to Poland by EUR 60 million under an intergovernmental agreement for the implementation of investment projects.
According to the Ukrainian Ministry of Finance, the total amount of the soft loan that Poland will provide now amounts to EUR 160 million.
The funds provided will go to Ukravtodor – EUR 94.1 million (development of road infrastructure at the approaches to five border crossing points on the Ukrainian-Polish border), the State Customs Service – EUR 58.9 million (improvement of border crossing points Shehyni, Krakovets, Rava-Ruska, purchase of mobile scanning systems at border crossing points Yahodyn, Shehyni, Krakovets, Rava-Ruska) and the Administration of the State Border Service – EUR 7 million (purchase of unmanned aerial systems and border monitoring equipment).
In addition to increasing the loan amount, the government decree regulates the issue of extending the deadline for concluding contracts by two years – until December 31, 2024, and provides an opportunity to amend contracts concluded in 2017-2018 to increase their value.
According to the Ministry of Finance, the requirement for a minimum of 60% of expenses of Polish origin for the purchase of technical means of customs control will also be cancelled.
INVESTMENT PROJECTS, LOAN, POLAND
