Ukraine, Hungary agree on development of border infrastructure
Ukraine and Hungary have agreed on financial cooperation, the development of checkpoints on the joint state border, infrastructure, as well as maintenance of bridges on the border.
According to the press service of the Cabinet of Ministers of Ukraine, during the visit of Prime Minister of Ukraine Volodymyr Groysman to Hungary, the governments of Ukraine and Hungary signed a corresponding framework agreement on providing a loan on the terms of tied aid and a protocol of intent on the comprehensive development of checkpoints and infrastructure on the state border between Ukraine and Hungary.
The loan agreement will make it possible for Hungary to issue a tied aid loan for the purchase of goods or services originating from Hungary. The credit funds can be used only for implementation of infrastructure projects specified in the annexe to the agreement.
According to the agreement on the comprehensive development of border crossing points and infrastructure, Hungary will finance building a bypass road around Berehove in Zakarpattia region, as well as upgrading a highway between the towns of Mukacheve and Berehove with a targeted credit in the amount of EUR50 million.