new projects of the World Bank signed today with the participation of
representatives of the Ukrainian Government and World Bank Country Director for
Ukraine, Belarus and Moldova Qimiao Fan are committed
to drive forward the essential reforms that Ukraine needs at a crucial time, Vice-Prime Minister-Minister of RegionalDevelopment, Construction, Housing and Utilities Volodymyr Hroisman stated.
Government is aimed at the structural reforms, which will help to improve the lives
of people and solve problems accumulating over decades”, he underlined at the
turn, Qimiao Fan said that new investments will help
improve public services provided to the population of Ukraine: water supply,
waste water infrastructure, solid waste services and heating supply, as well as
stabilize the economic situation in the country.
On 22 May
2014, the World Bank’s Board of Executive Directors approved three new projects
for Ukraine amounting to US$1.48 billion. The three projects are part of the
World Bank Group’s overall assistance to Ukraine announced in March this year,
which aims to provide up to US$3.5 billion by the end of 2014.
The US$750 million First Development Policy Loan
will support the budget. Two others-US$382
million and US$350 million respectively-aim to support infrastructure
projects in more than a dozen Ukrainian cities.
systems of heating supply of cities will be built. Almost a thousand of homes,
as provided for today by the project, will be installed individual heating
points. This means that the residents of these houses will forget once and for
all, what it means, when it's warm, and in their homes it is warm too, and vice
versa. We're talking about a modern system of heating regulation. Kilometers of
dilapidated pipes will be replaced. We will upgrade water supply. This will
lead to a significant improvement in quality of the services, reduction of
expenses in the structure of formation of tariffs", V.Hroisman
to Volodymyr Hroisman, all work
within the framework of infrastructure projects will begin in the second half
of this year.
need to understand that it is necessary to ensure not only the development of
these means, but also to ensure all procedures to be public, open, under the control
of the international structures, as each dollar must be invested in business as
effectively as possible", V. Hroisman
particular, the US$382 million District
Heating Energy Efficiency Project will support 10 municipal heating
utility companies across the country by helping them enhance quality of their
services and carry out efficiency improvements to cut production costs as well
as harmful emissions. The project includes US$50 million from the Clean
Technology Fund (CTF), which provides middle-income
countries with resources to use low carbon technologies. Over 3 million
Ukrainians are expected to benefit from the project.
The US$350 million Second Urban Infrastructure
Project will provide funding for 10 participating water utilities across
the country and a municipal solid waste company. It will assist the
participating utilities in achieving a series of improvements in quality and
efficiency of the services provided through the rehabilitation and upgrade of
dilapidated water supply and wastewater infrastructure and institutional
building. This will result in better access to water, wastewater and solid
waste services to over 6 million citizens. The project includes US$50 million
from the Clean Technology Fund (CTF).