The Ministry of Communities and Territories Development of Ukraine has started the selection of projects under the “Program for the Reconstruction of Ukraine” in accordance with the Financing Agreement between Ukraine and the European Investment Bank (EIB).
As reported on the agency’s website on Friday, the total amount of projects for the first selection is up to €200 million. Projects must be submitted to the Ministry of Regional Development before September 2.
“Projects should refer specifically to the restoration of vital facilities for people. In particular, the renovation or construction of new medical institutions, educational institutions, ATCs, as well as the overhaul and reconstruction of critical infrastructure and homes for internally displaced persons and those who, due to lost his home during the war,” said Oleksiy Chernyshov, Minister for the Development of Communities and Territories of Ukraine.
Among the conditions for participation in the selection are the communal property of the object, for the financing of which a subvention is attracted; co-financing from local budgets and other not prohibited sources to cover the costs of paying taxes and fees; the project implementation period is one to three years; a ban on the purchase or privatization of real estate at the expense of a subvention; taking into account the interests of key parties in local communities; the ability of local authorities to further finance the maintenance of facilities.
The Mirione recalled that at the end of 2021, the government approved the procedure and conditions for providing subventions from the state budget to local budgets for the implementation of projects under the Program for the Restoration of Ukraine. It is envisaged to attract EUR340 million for the restoration of social infrastructure, housing and communal services, etc. in the regions affected by the fighting, as well as in those that received the largest number of migrants.
In addition, earlier Chernyshev said that the EIB allocated EUR1.59 billion to Ukraine for the restoration of damaged infrastructure and critical projects. The funds will be used to restore and modernize the networks of electricity, heat and water supply, housing and communal services that suffered as a result of the fighting.
