Business news from Ukraine

REGIONAL DEVELOPMENT MINISTRY APPOINTS NEW COORDINATOR FOR WORLD BANK JOINT INVESTMENT PROJECTS

24 May , 2016  

KYIV. May 24 (Interfax-Ukraine) – Deputy Regional Development, Construction, Housing and Utilities Economy Minister Eduard Kruhliak has been appointed coordinator for investment projects “Urban Infrastructure Project 2” and District Heating Energy Efficiency Project implemented using loans from the World bank.

The press service of the ministry reported that the ministry’s selection panel selected new consultants for the key groups for investment project management at an open tender.

The tender was announced in late March 2016. The candidates were selecting using the consultant hiring rules of the World Bank.

The agreement between Ukraine and the World Bank on a loan as part of the six-year investment project Urban Infrastructure Project 2 worth $350 million was launched in December 2014.

The following companies signed the agreements for taking part in the project: public joint-stock company Kyivvodokanal (Kyiv), Kramatorsk Vodokanal (Kramatorsk, Donetsk region), Dnipro-Kirovohrad regional municipal enterprise (Kirovohrad), Kolomyiavodokanal (Sheparivtsi, Kolomyia district of Ivano-Frankivsk region), Zhytomyrvodokanal (Zhytomyr), Ternopilvodokanal (Ternopil), Ivano-Frankivskvodoekotekhprom (Ivano-Frankivsk), Kharkivvodokanal and Waste Treatment Municipal Company (both based in Kharkiv).

The International Bank for Reconstruction and Development (IBRD) in 2014 provided a $382 million loan to implement the project introducing energy saving solutions in heating area at 10 companies.

Vinnytsiamiskteploenergo, Miskteplovodenergia (Kamianets-Podilsky, Khmelnytsky region), Donetskmiskteplomerezha, Kharkivski Teplovi Merezhi, Ivano-Frankivskteplokomunenergo, Mykolaivoblteploenergo, Khersonteploenergo, Dniproteploenergo, Kirovohradteplo and Chernihiv combined heat and power plant were selected as participating companies.