A mission from the German state bank KfW will visit Ukraine on 4 July to approve the projects that will be implemented with funds provided by the bank. The total amount of the German credit will be about EUR 300 million, and the money can be used for the intended purposes before the end of this year. Deputy Prime Minister/Minister of Regional Development, Construction, and Housing Hennadii Zubko announced this during Ukrainian Prime Minister Volodymyr Groysman’s working visit to Germany, the press service of the Ministry of Regional Development, Construction, and Housing announced.
"Some of these funds may be used for restoration of the infrastructure in the Donbas. EUR 150 million is intended for energy projects, EUR 80.67 million for infrastructure projects, and EUR 60 million for purchase of equipment for modernizing the locomotive fleet. The total amount of funding for approved projects is EUR 290.67 million," Zubko said.
As reported, Germany will provide Ukraine EUR 500 million in loans for implementation of various projects under a memorandum that was signed during the eighth meeting of the Ukrainian-German high-level group on economic cooperation in Berlin in 2015.