Decree: Poroshenko instructs Cabinet to arrange funding for Shelter conversion strategy

11:16, 15.04.2016 1 min read

Ukrainian President Petro Poroshenko has instructed the Cabinet of Ministers of Ukraine jointly with the European Bank for Reconstruction and Development, as well as donor states to work on the issue of setting up a fund for financing measures to implement the third phase of the Shelter conversion strategy.

The relevant paragraph is contained in presidential decree No. 141/2016 the president signed on April 13. The document contains a number of other items aimed at transforming the Shelter object into an ecologically safe system and the revival of radiation contaminated areas.

As reported, work on the construction of the Shelter object is to be completed in late 2017, and the overall total cost of the Shelter, the main element of which is building a new safe confinement, is estimated at EUR2.15 billion, in particular the cost of building the confinement at about EUR1.5 billion.