Hennadii Zubko: Eur 200 million of EIB loan funds will be directed to restore Donbas

In the next few days there will be signed an Agreement between Ukraine and the European Investment Bank for granting a loan worth Eur 200 million (about UAH 3.76 billion), which will be directed to restore the life support systems and infrastructure of Donbas. This was stated by Vice Prime Minister, Minister of Regional Development, Construction and Housing and Utilities Hennadii Zubko in “The Time. Outcomes of the week" program on Channel 5.

He also reminded that for these purposes in November the Government allotted UAH 375 mln, with UAH 150 million out of this sum for the restoration of Luhansk region and the rest of the funds - for Donetsk region.

Hennadii Zubko noted that monitoring of the appropriate use of these funds must be carried by the communities that reside in the areas with damaged infrastructure, social facilities and life support systems.

“Each community has to determine independently the objects that need the funds to be directed and those to be restored in the first place,” the Vice Premier stressed. He added the allotted funding must be applied with maximum efficiency to cover the needs of people and residential areas of Donetsk and Luhansk regions.