Today, August 25, 2020, the Verkhovna Rada of Ukraine supported the draft Law of Ukraine "On Ratification of the Financial Agreement (Project" Transport in Ukraine - Phase I") between Ukraine and the European Investment Bank", which provides for a loan of EUR 50 million to Ukraine.
The project will be co-financed by investment grants and technical assistance grants under the Neighborhood Investment Platform and the State Budget of Ukraine to the extent necessary to finance costs not covered by the loan.
“The project envisages the implementation of a series of small transport projects aimed at solving the problems of the transport network in Ukraine. The project also aims to improve road transport in the EU's Eastern Neighborhood area, provide strong support for small-scale transport projects with a significant direct positive impact at the local level, and help implement projects that can deliver tangible results for citizens,” said Deputy Finance Minister Oleksandr Kava.
Within the framework of the project implementation it is envisaged the following: