Business news from Ukraine

EUROPEAN INVESTMENT BANK COULD ISSUE EUR50 MLN LOAN FOR UKRZALIZNYTSIA AND UKRAVTODOR

The European Investment Bank (EIB) is considering the issue of a credit line of EUR 50 million to help Ukrzaliznytsia and Ukravtodor eliminate bottlenecks in European transport networks. According to the bank, the matter concerns projects of small transport infrastructure in volume of up to EUR 20 million.
The investments are intended to improve interaction within the framework of the Eastern Neighborhood and provide substantial support for small-scale but locally significant projects. It is also expected that such financing will improve traffic safety.
The EIB document states that the total cost of this framework project is approximately EUR 110 million, but other sources of co-financing are not specified.

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