Business news from Ukraine

LVIV, EBRD SIGN AGREEMENT TO PREPARE A LOAN OF EUR 20 MLN TO MODERNIZE WASTE INFRASTRUCTURE

21 July , 2017  

LVIV. July 21 (Interfax-Ukraine) – Lviv City Council and the European Bank for Reconstruction and Development (EBRD) have signed an agreement to prepare a loan of EUR 20 million to modernize solid household waste treatment infrastructure in the city.
EBRD Director for Ukraine Sevki Acuner told reporters on Friday that along with the EUR 20 million loan a grant of EUR 11 million will be provided.
He said that the loan agreement will be signed no later than October 2017 and first funds will arrive at the end of the year.
This project is important for Lviv, as it would help the city to solve current problems with waste, he said. On the other hand, it will be a first step in the long process of changing approaches to waste treatment, he said.
According to the agreement, the funds will be sent to improve the waste collection and sorting system, primary steps to reclaim the Hrybovychi landfill and building a first stage of the waste recycling plant in Lviv.