The European Investment Bank (EIB) has approved EUR 50 million loan for JSSC Ukrzaliznytsia and the State Agency of Highways of Ukraine (Ukravtodor) for the implementation of transport infrastructure projects.
According to the EIB, this decision was made by the Board of Directors on September 19, BizCenzor reports.
It is noted that the funds are intended to improve interaction in the eastern region and to support the small transport projects at the local level.
In particular, the loan is expected to finance projects in the field of small transport infrastructure for at least EUR 20 million.
The total cost of the project is EUR 110 million; the other sources of funding are not specified.
As The Journalist reported, Ukraine will repay the EUR 1 billion EU loan within 15-year period.