The head of the Cabinet of Ministers Denys Shmygal has had a video conference with the leadership of the European Bank for Reconstruction and Development (EBRD), during which the parties discussed the possibilities of investment in the construction of Ukrainian roads. This was reported by the Government portal.
Denys Shmygal thanked the EBRD for its consistent support to Ukraine and noted that the EBRD has been and remains the largest investor for Ukrainian economy.
“The year 2019 was the most successful year for Ukraine in terms of cooperation with the EBRD both in matters of annual obligations and the number of projects. Last year, more than 50 projects, including commercial regional ones, were implemented in Ukraine with the support of the EBRD. I would like to continue this already gained pace without a decline in indicators,” Shmygal said.
EBRD Vice President Alain Pilloux noted that Ukraine is among the EBRD’s priorities, and they are ready to implement a number of projects together with Ukraine.
According to the Vice President of the EBRD, it applies to the reconstruction of the Kyiv-Odesa highway and the construction of a bypass road in Lviv. Also, according to him, the EBRD has embarked on considering lending to Ukrainian regions for the construction of roads of regional importance, starting with Dnipro and Kherson.
Shmygal expressed interest in these projects, noting that Ukraine is looking for options for road infrastructure development in the regions and cooperation with the EBRD is among the priorities for the government.
“Undoubtedly, we want and strive to reach the annual volume of EBRD investments in Ukraine at the level of EUR 1 billion. The purpose of the projects financed by the Bank fully meets the requirements of the national economy and European integration strategy of Ukraine,” the head of government said.
The parties also discussed issues of energy development, improvement of corporate governance in state-owned enterprises and banks, implementation of standards of the Organization for Economic Cooperation and Development in Ukraine, and other topical issues.
Read also: Ukraine to increase by nine times the number of roads to build this year.
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