Ukraine plans to raise a EUR 150 million loan from Germany’s KfW. The funds will be sent to infrastructure projects.
The press service of the Infrastructure Ministry of Ukraine reported that the plans were discussed at a meeting of the Ukrainian panel of the joint Ukrainian-German working group for selecting projects to financing using the KfW loan held on March 13 with the participation of representatives of the Infrastructure Ministry, Ukrzaliznytsia, Ukrainian Sea Port Authority, Kyiv City Administration, Justice Ministry, Foreign Ministry, Economic Development and Trade Ministry, Finance Ministry and Ministry for Temporarily Occupied Territories and Internally Displaced Persons.
“Now we have three priority project proposals: the completion of the automotive component of the railway and bridge crossing the Dnipro River in Kyiv, the modernization and renewal of the rolling stock of Ukrzaliznytsia, the construction of a breakwater and dredging in the water area of the port of Odesa,” Minister of Infrastructure Volodymyr Omelyan said, adding that first of all the ministry takes into account the need for the funds to complete the bridge across the Dnipro Rivere.
“I think Germany will support this project. Upgrade and modernization of the rolling stock is also a priority for Ukrzaliznytsia, it is economically viable,” Omelyan said.
After the meeting, the proposals will be forwarded to Deputy Prime Minister and Regional Development, Construction, Housing and Utilities Economy Minister Hennadiy Zubko and eventually to Germany for approval.
