EIB to provide EUR 400 mln loan to develop municipal infrastructure in Ukraine

12:14, 25.05.2015 1 min read

The European Investment Bank (EIB) will provide a framework loan of EUR 400 million to restore and develop municipal infrastructure in Ukraine, according to a report released by the bank.

The EIB Group's Board of Directors approved this loan on May 19, the bank said in a press release posted on its website.

The bank said that the project will extend the lifespan of critical urban infrastructure in the energy, water and sanitation sectors, will reduce losses, improve energy efficiency, reduce the intensity of greenhouse gas (GHG) emissions, and will contribute towards improving energy and water supply security.

According to the report, the total cost of the project is EUR 800 million, and the Regional Development, Construction, Housing and Utilities Economy Ministry will act as a partner in designing the project.