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Poroshenko ratifies financial agreement with European Investment Bank
17:32, 2 December 2017
Poroshenko ratifies financial agreement with European Investment Bank

The agreement concerns a loan for improving the energy efficiency of universities

17:32, 2 December 2017
President of Ukraine Petro Poroshenko signed the law of Ukraine "On the ratification of the financial agreement (the Higher Education of Ukraine project) between Ukraine and the European Investment Bank," the press service of Presidential Administration reports.

According to the information, the agreement was signed on December 19, 2016.

"The agreement aims to attract up to EUR 120 million of loans from the European Investment Bank (EIB) under state guarantees, which will be used to implement measures to improve the energy efficiency of university buildings and other investments related to the educational process," the report said.

According to the project "Higher Education of Ukraine", 10 million euros will be allocated to the EIB funds from the fund of the Eastern European partnership in the field of energy efficiency and ecology. In addition, the project will allocate 30 million euros from the Northern Ecological Finance Corporation. From the Ukrainian side, it is planned to co-finance the project, in particular taxes and customs payments.


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