Business news from Ukraine

GERMANY TO PROVIDE EUR 17 MLN TO CHERNIVTSI TO RENEW DRINKING WATER SYSTEM

14 April , 2016  

KYIV. April 14 (Interfax-Ukraine) – The Federal government of Germany via KfW investment bank will provide EUR 17 million to renew drinking water system in Chernivtsi, the Delegation of the European Union (EU) to Ukraine has reported.

The EU will support the project via its Neighbourhood Investment Facility (NIF) under the “Programme for Modernisation and Rehabilitation of Municipal Infrastructure” in Ukraine and will provide EUR 3 million.

The first of three installments of the loan totals up to EUR 17 million.

The project will enable the municipality of Chernivtsi to manage its regional water resources in a more efficient, environmentally sound and sustainable way. Moreover, it will improve the living conditions of the local citizens by providing round-the-clock access to a higher quality drinking water. The loan funds measures include the rehabilitation of pumping stations and groundwater intakes in order to increase energy efficiency. Replacing old and leaking pipes in the drinking water distribution system will reduce physical water losses.

The total cost of the project is EUR 61.5 million.