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EIB supports upgrade of municipal infrastructure in Ukraine with €400 million loan

July 23, 2015

The European Investment Bank (EIB) is lending €400 million to finance public infrastructure projects in Ukraine’s medium and large municipalities focused on protecting, rehabilitating and avoiding deterioration of municipal infrastructure.

 

EIB funds will support some 25-40 projects fostering substantial improvements in energy efficiency and will contribute to Ukraine’s energy security, reduction of water losses, improvements of solid waste management services and of safety and quality of municipal services provided.

 

EIB Vice-President László Baranyay, responsible for lending operations in Ukraine, said: “Modern and reliable municipal infrastructure will contribute to the increase of the quality of life of people living in Ukrainian cities. It will help to save energy, provide better and more economical services and help to protect environment.” (EU Neighbourhood INfo)

 

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