Vice Premier: EIB ready to invest in new Ukrainian energy projects

Vice Premier: EIB ready to invest in new Ukrainian energy projects

Deputy Prime Minister of Ukraine for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze said the agreement was reached with the European Investment Bank to fund more projects in Ukraine, she has written on Facebook following her visit to Brussels.

"We have the agreement with the President of the European Investment Bank to launch additional projects with Ukraine. They are ready to fulfill their plans until the end of 2016, so now we need to focus on how to prepare feasibility reports for the projects so that fund can be wired this year," the official writes.

According to her, one of the projects relates to the Ministry of Education, namely energy efficiency of educational premises totaling 120 million euros; second one - construction of Kaniv hydro power station worth 400 million euros; third one – upgrading of municipal transport worth 200 million euros. "We have another project that is being reviewed - electrification of the railway," she added.


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