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€200 million credit program for Eastern Ukraine's regions restoration began
16:19, 16 December 2016
€200 million credit program for Eastern Ukraine's regions restoration began

The program covers five areas of Eastern Ukraine and implements projects in social housing, social services and municipal infrastructure

16:19, 16 December 2016

rt.com

Emergency credit recovery program for Ukraine of 200 million euro is on implementation phase. This was stated by the Deputy Minister of Regional Development, Construction, and Communal Living of Ukraine on European Integration Roman Chuprynenko, reports the press-service of the office.

The procedure of procurement and determining of the contractor will take place soon to begin the working season, according to him. Also the United Nations Development Programme (UNDP) will be involved, supported by the European Investment Bank (EIB) that will perform technical coordination and projects monitoring.

The credit will help local communities exposed to armed conflict and received a large number of internally displaced persons to improve social infrastructure and availability of public services for the population, he noted.

"The first package of infrastructure restoration projects includes 69 projects in five Eastern regions of Ukraine with a total budget of 21,9 million euros. Almost half of this amount will go for the restoration of health facilities, another 35% will be spent on education projects, 15% will be for housing projects and 3% for other social objects," Chuprynenko said.

It is noted that majority of the projects are for Kharkiv region (21 projects for 8,5 million euros), Donetsk region (17 projects for 7,1 million euros) and Luhansk region (26 projects for 3,1 million euros).

Related: Funding requirement for restoration of peace in Donbas assessed to 1.52 billion dollars

The second demand for possible projects was announced in July 2016, and requests for almost 1,000 projects were received during the last three months, he also announced.

Over 800 projects were received for around 160 million euros that meet the requirements for the participation in the program as of today.  

“In Donetsk and Luhansk regions the projects will be entirely funded from the budget, and in other regions there will be co-financing from local budgets of around 20%,” he added.

Earlier it was reported that UNDP continues support for Donbas restoration. Zhebrivskyi enlisted UNDP support for organizing internship of newly established Donetsk communities’ managers abroad.

Related: Restoration of Donbas will take $ 15 billion, - Deputy Prime Minister

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