EBRD to allot 140 mln euros for Ukrainian municipalities

MOSCOW. June 13 (Interfax) - The European Bank for Reconstruction and Development (EBRD) will allot 140 million euros for Ukrainian municipalities, EBRD Vice-President for Policy and Partnerships Mark Bowman said.

"We need to support Ukraine, in particular the environmental infrastructure, and lay a strong foundation for its green recovery. This is a really important part of Ukraine's European integration. I was very surprised by the super commitments that Ukraine has made on its way to the EU," Bowman said on the sidelines of the Ukraine Recovery Conference in Berlin on Tuesday, as reported by Ukrainian media.

He noted that the EBRD had been supporting Ukraine since the beginning of the crisis and had invested more than 4 billion euros in that. In addition, about 160 million euros will be invested in Ukraine's energy efficiency projects, water supply, water drainage, and public transportation.

"We are ready to provide additional funding of 140 million euros to support municipalities that face serious problems," Bowman said.

The EBRD also said recently that 55 million euros will be invested in a joint venture with Goldback Solar Investment to build and operate renewable energy facilities, mostly solar power plants, with the total capacity of 522 MHz.