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Source: Government of Ukraine

On November 18, the Prime Minister of Ukraine Denys Shmyhal held an online meeting with the Vice-President of the European Investment Bank Teresa Czerwińska. The parties discussed the financing of joint investment projects and the expansion of cooperation through new programs.

The Prime Minister thanked the EIB for its readiness to consider an opportunity to redistribute a EUR 50 million resource under the joint project “Ukraine Municipal Infrastructure Program” to counter the COVID-19 pandemic.

“We will also be grateful for the earliest possible consideration of the use of funds under this program for the purchase of a vaccine against COVID-19. We expect to purchase 8 million doses of an effective and safe vaccine, which will be prequalified by the WHO, to vaccinate part of the population as soon as possible,” said Denys Shmyhal.

The Prime Minister told the EIB Vice-President that Ukraine is interested in expanding cooperation with the European Investment Bank, in particular regarding the financing of transport, energy sector and municipal infrastructure of Ukraine.

Ukraine also hopes to sign the Ukraine Urban Public Transport FL II project in December, aimed at upgrading the rolling stock of urban public electric transport in towns and cities, as well as the Eastern Ukraine: Reunification, Reconstruction and Revival project (Project 3B) to help rehabilitate roads infrastructure in Luhansk regions aimed to support the agricultural sector.

In addition, Denys Shmyhal expressed hope that Ukraine and the EIB will manage to jointly complete work in the near future on the preparation of the project “Reconstruction of the Runway of Boryspil Airport” and “Program for the Reconstruction of Ukraine.”

“We value the cooperation between Ukraine and the European Investment Bank. We believe that together we will be able to work out possible mechanisms to support Ukraine during the pandemic,” said the Prime Minister.

For her part, Ms. Teresa Czerwińska commended the cooperation between Ukraine and the EIB and the Government’s determination to continue reforms. Ms. Vice-President stressed that Ukraine remains a high priority for the European Investment Bank.

MIL OSI Europe News