The European Bank for Reconstruction and Development (EBRD) invested over EUR 1.1 billion through 51 private and public sector projects in Ukraine in 2019.
This was announced by the European Bank for Reconstruction and Development’s senior adviser on external relations Anton Usov, the CFTS portal reports.
According to him, the size of the bank’s investment in projects in Ukraine makes it the second-largest economy for the bank in terms of investments in 2019.
“EUR 680 million of the total investments in 2019 were classified as green, which is the highest ratio across all EBRD economies,” Usov said.
As the CFTS portal reported, the Ukrainian Railways joint-stock company (JSC Ukrzaliznytsia) and the European Bank for Reconstruction and Development signed a framework agreement on provision of a loan of USD 100 million to JSC Ukrzaliznytsia at the interest rate of 7.929% per annum in September 2019. According to the document that was signed between the EBRD and JSC Ukrzaliznytsia, 70% of the funds will be used to finance rehabilitation of Ukraine’s railway infrastructure on the Trans-European Transport Network (TEN-T) corridors within Ukraine and 30% will be used to upgrade signaling and communications equipment, as well as to improve the railway traffic system.
In addition, the European Bank for Reconstruction and Development provided a loan of up to USD 35 million to the global grain trader, Louis Dreyfus Company (LDC), for purchase of 1,000 grain carriers in Ukraine in autumn last year.
In November 2019, the European Bank for Reconstruction and Development and the government of Ukraine signed a memorandum of understanding on provision of a loan of EUR 450 million for a project for rehabilitation of the M05 Kyiv-Odesa Highway in the Cherkasy, Kirovohrad, Mykolaiv, and Odesa regions and construction of 23 kilometers of the northern section of the Lviv bypass road.