Ukraine to Receive EU Loan for River Logistics

01.07.2019 - 13:45 #Dnipro, #Loan, #EU, #Ukraine
The funds will be used to improve river transportation The European Union is investing €50 million in the development of Ukrainian river logistics, according to Government Portal.

The funds will be used to improve river transportation

The European Union is investing €50 million in the development of Ukrainian river logistics, according to Government Portal.

Ukraine has huge growth potential in river traffic. €50 million is required for sustained growth. Ukraine has already received €20 million from the EU as technical assistance.

Ukraine also agreed to receive a loan of €30 million for the repair of locks, dredging works and logistics facilities along the Dnipro river. If a number of conditions is met, Ukraine will be able to receive the loan from the EU for a period of 30 years at 1% per annum.

Source: Uatv

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