European banks to invest €50 million in Dnieper River

Source : 112 Ukraine

The river can become part of Trans-European transport network E40 Rheine-Danube-Black Sea-, A7, Dnieper, Pripyat, Baltic Sea
17:12, 23 June 2017

European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB) intend to invest 50 million euros in the development of Dnieper as a transport mean, reports Ukrainian News agency with the reference to Ukraine’s Infrastructure Ministry.

"The development of agricultural sector poses new challenges for Ukrainian transport and logistics network. Ukraine has a unique resource, the use of which can enable the country to become a strategic part of the European economy, and it is the Dnieper," said Dutch Ambassador Kees Klompenhouwer.

Deputy Prime Minister for European Integration Ivanna Klympush-Tsintsadze noted that development of the Dnieper River in future will relieve highways and railways. In addition, the development of internal water transport will contribute to the ecologization of transport by reducing vehicles’ harmful emissions.

Related: Poroshenko, US Secretary of Commerce discuss investment in Ukraine

As it was reported earlier 300 tons of fuel oil were spilled to Dnieper in Kamianske. This happened due to the flooding of a barge with tap in local river port.

Related: Poroshenko discuss more active attractive investment with World Bank President

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