Home / Economy / The Minister of Finance of Ukraine signed a loan agreement for 150 million euros for the development of energy

The Minister of Finance of Ukraine signed a loan agreement for 150 million euros for the development of energy

Глава Минфина Украины подписал кредитный договор на 150 млн евро для развития энергетики

The Minister of Finance of Ukraine Alexander danyluk podpisany agreement for 150 million euros for respecialisation infrastructure. About it reported in a press-Department service.

As reported in a press-Department service, ukrainecement of Finance Oleksandr danylyuk podpisany a contract in the amount of 150 million Euro direktorom German development Bank KfW Eva Witt. Poslova danyluk, these funds will be distributed on the rebuild of 4 transformer substations, serving 5 areas to live in obsessional 14 million citizens of Ukraine. After the completion of the rehabilitation works of substations zaporojskoy, Lugansk, Donetsk, Dnepropetrovsk and Kharkov areas the people of these regions to startpreset better services for the supply of electricity, said danyluk.

Also in the Finance Ministry described the conditions of the signing of this loan agreement. So, loan agreement wasonly during the Ukrainian-German high level Group on economic cooperation. Vozvratit will be fully implemented within 15 years, with the first 5 years are a grace period.The project for which the leadership of the Ministry of Finance of Ukraine got a loan, is self-sustaining and investment.The full amount of the loan including of 3.97% interest rate will have to repay the state company DPIC “Ukrenergo”, which is the official borrower writes finansi.ru.com.

Check Also

Will America manage a soft landing in 2024?

Policymakers rarely bring down inflation without a recession. This time they might Could 2024 be …