"Urban Infrastructure", a joint project of the World Bank and Ukrainian Ministry of Regional Development, during which water utilities in 14 cities of Ukraine were reconstructed, is completed. It took $140 mln.
“The first joint project "Urban Infrastructure" with participation of the World Bank was successfully completed on June 30, water channels reconstruction in 14 Ukrainian cities took $140 mln expenditures," according to the Deputy Minister of Regional Development Roman Chuprynenko.
“Another joined project on heating systems reconstruction, amounting to $ 382 mln, is currently implementing by World Bank and Ukraine,” added Chuprynenko.
Financing agreement between Ukraine and the European Investment Bank (EIB) was signed in order to implement "Emergency credit recovery program for Ukraine" project, amounting to 200 mln EUR. The agreement is to promote restoration of the eastern regions of Ukraine, and the needs of regions, which provide shelter to IDPs.
“An additional agreement with EIB, amounting to 400 mln. EUR, will be signed on 23 July. The agreement is to cover sustainable development of municipal infrastructure. The funding sources could cover the expenditures for drainage system, water supply, street lighting, energy efficiency in buildings, and retail hazardous waste,” said Chuprynenko .
He also noted that Ukraine has received a 500 mln EUR loan of. from the German bank KfW. The agreement was signed on April 1, 2015.