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3 projects for Ukraine currently waiting for approval by EIB board

3 projects for Ukraine currently waiting for approval by EIB boardUkraine counts on new projects with the European Investment Bank (EIB) in infrastructure and energy efficiency, Ukrainian Finance Minister Oleksandr Danyliuk reported after a meeting with EIB Vice-President Laszlo Baranyay.

"We have agreed about the continued support of Ukraine by the EIB, in particular in new projects in the field of infrastructure and energy, which means new roads and winterized schools," the finance minister wrote on Facebook.

According to him, during the meeting they also discussed the current state of the implementation of ongoing projects.

Read also: Azerbaijan, Ukraine seek ways to raise economic appeal of Europe-Caucasus-Asia transport corridor

According to the information on the EIB website, three projects for Ukraine are currently waiting for approval by the EIB board.

These are a EUR 150 million project with Ukrzaliznytsia for the railway modernization, a EUR400 million project with Ukrhydroenergo on Kaniv pumped storage hydro station and a EUR200 million project for the development of local transport to 20 cities.

Last week, the Ukrainian government has approved the concept of Energy Efficiency Fund, which is planned to be launched in 2017 with the support of international financial institutions.

EIB Senior Corporate Banker Jean-Jacques Soulacroup reported earlier the European Investment Bank (EIB) intends to invest about EUR 800 million in projects in Ukraine in 2016, while in future mulls the annual funding of up to EUR 1 billion for the country. Last year, the EIB provided loans worth EUR 1.2 billion to Ukraine.
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