Business news from Ukraine

Business news from Ukraine

About 2 thousand apartments for refugees will be built in Ukraine with German funds

The Ministry of Reintegration of Temporarily Occupied Territories of Ukraine, the International Organization for Migration (IOM), five regional state administrations and 12 communities signed memorandums of cooperation on Friday, which will provide affordable housing for displaced and war-affected people.

According to the IOM press service on Friday, the project, financed by the German Federal Ministry for Economic Cooperation and Development through the German Development Bank, envisages the construction of up to 2,000 apartments for about 6,000 people in the cities of Khotyn and Chernivtsi in Chernivtsi Oblast, Kolomyia in Ivano-Frankivsk Oblast, Irpin and Gorenka in Kyiv Oblast, Agronomiche, Ladyzhyn and Khmelnyk in Vinnytsia Oblast, Stary Sambor, Drohobych and Kamenka-Bugska in Lviv Oblast.

At the same time, the latter two communities are receiving resettlers from Severodonetsk in the Luhansk region, with which a memorandum of understanding on the implementation of the housing project has also been signed.

“Housing will become affordable for internally displaced persons and vulnerable local population thanks to the rental mechanism that will be developed and implemented within the project,” the statement said.

The Ministry for Reintegration of Temporarily Occupied Territories will carry out the overall coordination of the project.

“According to the latest IOM data, one fifth of internally displaced persons plan to stay and integrate in their current place of residence. Finding durable solutions to housing problems is the key to success… Legal and technical provisions tested in the framework of the affordable housing project may become the basis for further large-scale international assistance projects in the field of housing policy in Ukraine,” said Alessia Schiavon, Head of the IOM office in Ukraine.

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