On February 3, the
Parliament ratified an Agreement between Ukraine and the European Investment Bank (EIB) to
raise EUR400 million for the modernization
of housing and communal services in the regions.
The funding shall
be used for regional projects to restore
urban infrastructure, improve
energy efficiency of municipal
enterprises, raise the quality of services in medium and
large cities of Ukraine.
"The implementation of the Agreement will allow to improve energy
efficiency and reduce local budget expenditures on heating of schools, kindergartens,
hospitals, to replace street lighting in the cities, to pay
due attention to environmental issues, recycling of household waste, to
reconstruct the water main, upgrade the heating system and the like. These measures
that will affect the life of each Ukrainian citizen will make our homes
warmer, streets safer, and water quality better,"
said Vice Prime Minister/Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennadii Zubko.
Now the Ministry of Regional Development jointly with the European
Investment Bank is studying the needs of
local communities and collects all the necessary information from potential
participating cities, so that by the end of year to launch
implementation of the projects. "I call on all city mayors
to take an active position on this issue, we expect from you
suggestions on the introduction of such projects in your
cities", stressed Hennadii
The investment programme with the EIB
provides unprecedented terms for attracting "cheap and long
money". The maturity period on lighting and the treatment of
household waste projects is 15 years, for the modernization
of heat supply - up to 22 years, for modernization of water
supply projects – up to 30 years. Moreover, a grace period
will be up to 8 years.
As reported, on 23 July 2015, Vice
Prime Minister/ Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennadii Zubko and
Vice-President of the EIB László
signed a financial Agreement
between Ukraine and the European
Investment Bank for financing the program of development of municipal
infrastructure of Ukraine to the tune of EUR 400 million.