The European Investment Bank provides Ukraine
with strong support for energy and transport infrastructure reforms, which is
highly valued by the Government of the country. Vice Prime Minister of Ukraine
Volodymyr Kistion said during a meeting with
Vice-President of the European Investment Bank Vazil Hudák.
With the financial assistance of the Bank Ukraine
has been implementing 13 projects. Among the most successful ones is the
Kharkiv subway project, which is planned to be complemented by the signing of a
new agreement in October this year stipulating for the grant worth EUR 160
million for the construction of the Oleksiyivske electric
engine house, as well as the purchase of 70 new underground carriages.
and Vazil Hudák discussed
the preparation for the signing of new agreements between Ukraine and the
European Investment Bank to finance the modernization of gas extraction in
Ukrainian fields, and upgrading of power substations of Ukrainian power supply
companies. The deal is scheduled to sign in December this year and is aimed to
increase the efficiency of gas extraction at Ukrgazvydobuvannia
deposits with a total funding worth EUR 37 million, as well as the
modernization of power substations of electrical energy providers with a total funding
worth EUR 130 million.
"Our strategic goal is to ensure energy
independence by 2020. Hence, the Government of Ukraine is committed to provide
maximum assistance in the implementation of this important project", noted
during the meeting the Vice Prime Minister.
In November 2017 it is planned to sign an
agreement on financing the road safety project in five cities of Ukraine, such
as Kyiv, Lviv, Odessa, Dnipro
and Kharkiv to the tune of up to EUR 90 million.
"This project is no less important for
us, as it relates to improving urban road infrastructure, road intersection infrastructure
and renovation of streets, thereby directly affecting the reduction of fatalities
and injuries in cities", Volodymyr Kistion
In turn, Vazil Hudák
pledged readiness of the European Investment Bank to take part in
the reform of Ukrzaliznytsia, in particular, in modernizing the rolling stock
of the country's major rail carrier.