Poland will allocate an additional €60M to develop the Ukrainian border infrastructure.

Thursday, December 22, 2022
Poland will allocate an additional €60M to develop the Ukrainian border infrastructure.

The Cabinet of Ministers approved changes to the previous agreement between Ukraine and Poland on providing Ukraine with soft credit for implementing investment projects. The Ministry of Reintegration noted that the parties concluded the initial loan agreement in 2015 for €100M, of which more than €40M has already been used. The introduced changes provide for an increase in the amount of the loan from €100M to €160M. The additional funds will finance projects related to the development of border road infrastructure and the arrangement of checkpoints on the common border. According to Deputy Prime Minister Iryna Vereshchuk, this is another step towards the integration of Ukraine into the single economic EU space. The loan funds will be distributed to Ukravtodor in the amount of €94.1M, the State Customs Service for €58.9M, and the State Border Service for €7M.

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