EIB already finances the restoration of Donbas – Cabinet of Ministers of Ukraine
10:02 / 16 Dec. 2016 / 216
According to the Roman Chuprinenko, Deputy Minister of Regional Development, Construction and Housing and Communal Services of Ukraine the program of the European Investment Bank of € 200 mln loan to infrastructure renovation in Donbas and investments to host-communities launched.
16 December, 2014 The Board of Directors agreed to allocate to Ukraine the EIB credit line to perform extremely effective program for the restoration of Ukraine … Today we can state that the program has entered a phase of active implementation”, – Chuprinenko said.
He stressed that the EIB lending € 200 mln on most favourable conditions.
Mr Chuprinenko admitted that the interest rate currently stands at 1.3%, credit is given for 20 years with a grace period of 5 years.
According to him, all the objects within 5 years will be repaired with energy-saving technologies.
He noted that these funds will be spent to improve the quality of life in Donetska and Luhanska regions as well as in those regions of Ukraine where a large number of IDPs found their shelter.
Local authorities will receive funds on an irrevocable basis.
The projects in Donetsk and Luhansk regions would be funded from the state budget. Kharkiv, Dnipro and Zaporizhia regions would get 20% from the state budget and the rest from the EIB, – Chuprinenko noted.
According to him, the Cabinet of Ministers for now has about 830 projects amounted €160 mln.
Hugh Mingarelli noted that the EIB funds to help regions cope with the influx of internally displaced persons.
It is worth noting, the first package of projects in the framework of the Agreement has been approved and the Cabinet of Ministers includes 69 projects in the five eastern regions of Ukraine amounted € 21.9 mln.
Earlier, the UN declared that the humanitarian aid to residents of Donbas in 2017 must be more than $ 200 million.
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