The Cabinet of Ministers is also expanding the 5-7-9 concessional lending program to be used by thermal power plants and thermal power plants.
The Cabinet of Ministers, together with the European Bank for Reconstruction and Development, is preparing a project for the restoration of the railway, for the implementation of which 200 million euros will be attracted. This was announced by Prime Minister Denys Shmygal as part of a working trip to the Kharkiv region.
“Together with the EBRD, we are preparing a project for the restoration of the railway. We are making a decision to attract 200 million euros from the EBRD for Ukrzaliznytsia. These are funds for the purchase of equipment necessary to restore the corridors of trains from the EU, improve passenger traffic and buy additional locomotives,” said the head of government.
According to Shmyhal, the authorities also continue to support the regions by allocating funds for compensation for consumed equipment when migrants are accommodated in state-owned and communal buildings. CMU allocates another 220 million hryvnias for this.
He also added that within the framework of the platform of the President of Ukraine Volodymyr Zelensky United24, a new direction for fundraising will be opened – it is humanitarian demining. It will be officially approved at the level of presidential decree changes.
In addition, the Cabinet of Ministers is expanding the soft lending program 5-7-9so that CHPPs and TPPs can use it to restore war-damaged equipment.
The Prime Minister noted that energy is one of the areas most affected by Russian terrorism. The damage is enormous.
He visited the Kharkiv Thermal Power Plant, where he saw the destruction with his own eyes.
The head of the government added that in the Kharkiv region and in four other regions, they started the reconstruction of facilities and heat supply networks. Pilot projects are being prepared for the decentralization of the energy system. Authorities are looking for resources and opportunities to do everything in time for the next heating season.
Notably, according to the World Bank’s latest estimates, the cost of Ukraine’s recovery has risen to $411 billion, more than twice the size of Ukraine’s pre-war economy in 2021.
As reported, the President of Ukraine Volodymyr Zelensky and the head of the EBRD discussed investments in Ukraine.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.