The Cabinet of Ministers of Ukraine has adopted a resolution that defines the procedure and conditions for granting a subvention from the state budget to local budgets for the implementation of projects under the Ukraine Recovery Programme III. The amount of EUR 100 million will be used to restore critical infrastructure and develop communities.
Main areas of funding under the Ukraine Recovery Programme III:
The application process has been completed and the regional military administrations are currently evaluating the projects submitted. The next step is to draw up and approve the ranking lists and determine the finalists who will receive funding.
The previous two phases of the programme have enabled the implementation of 225 projects worth over EUR 500 million.
Background
The Ukraine Recovery Programme is part of the public investment reform aimed at restoring critical infrastructure and improving the quality of life in war-affected communities.