European Commission plans to allocate 4.5 billion euros for Ukrainian infrastructure
Infrastructure Minister of Ukraine Volodymyr Omelyan stated that the 39 Ukrainian infrastructure projects which are part of the Drive Ukraine 2030 strategy are included in the indicative plan for construction of the trans-European transport network TEN-T.
The Ukrainian Centre for Transport Strategies reports that almost 4.5 billion euros has been allocated for these projects. The plan was prepared by the EU and the World Bank for the development of transportation in "Eastern Partnership" countries.
According to the Minister, the implementation of these 39 projects will significantly deepen the infrastructure integration of Ukraine and make it an organic part of the European transport network in the future.
“The implementation of Drive Ukraine is worth about $60 billion. In the first year of its implementation, we already have at least 50% of the funding from the state budget and 10% of the funding from our European partners, international financial institutions and the public-private partnership,” clarified Omelyan.
Earlier, the European Commission decided on the amount of investment needed for the implementation of cross-border transport network projects in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. The projects will cost about 13 billion euros and include the construction 4,800 kilometers of highways and railways, 6 ports and 11 logistics centers, as well as airports and border crossing points.
Priority investments include short-term projects that will be completed by 2020 and long-term projects aimed at improving transport links within TEN-T until 2030.