Ukraine intends to use KfW loan for infrastructure projects

Ukraine intends to raise a EUR 150 million loan from Germany’s KfW in order to fund infrastructure projects. The priorities are the completion of the automotive component of the railway and road bridge crossing the Dnipro River in Kyiv, the modernization and renewal of the rolling stock of Ukrzaliznytsia, as well as the construction of a breakwater and dredging in the water area of the port of Odessa, according to Minister of Infrastructure Volodymyr Omelyan.
The plans were discussed at a recent meeting of the Ukrainian panel of the joint Ukrainian-German working group for selecting projects for financing using the KfW loan with the participation of representatives of the Infrastructure Ministry, Ukrzaliznytsia, Ukrainian Sea Port Authority, Kyiv City Administration, Justice Ministry, Foreign Ministry, Economic Development and Trade Ministry, Finance Ministry and Ministry for Temporarily Occupied Territories and Internally Displaced Persons.
The proposals will be forwarded to Deputy Prime Minister and Regional Development, Construction, Housing and Utilities Economy Minister Hennadiy Zubko and eventually to Germany for approval.

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