Ministry of Finance: The Government decided to increase the concessional loan from Poland to EUR 160 million for the implementation of investment projects in Ukraine

Today, December 20, the Cabinet of Ministers of Ukraine adopted a resolution* developed by the Ministry of Finance on the approval of the Protocol amending the Agreement between the Government of Ukraine and the Government of the Republic of Poland on the provision of loan on the terms of related assistance dated September 9, 2015.

Amendments to the Agreement concern:

- Increase of the loan amount from EUR 100 million to EUR 160 million;

- Extension of the final date of concluding contracts from 12/31/2022 to 12/31/2024;

- Cancellation of the provision regarding the requirement to receive at least 60% of the expenses of Polish origin for the purchase of scanners;

- Providing the opportunity to make changes to the contracts concluded in 2017-2018 to increase their price, including by more than 50% of the initial cost.

Loan funds in the amount of EUR 160 million for investment projects will be distributed:

- Ukravtodor - EUR 94.1 million (development of road infrastructure on the approaches to 5 checkpoints on the Ukrainian-Polish state border);

- State Customs Service - EUR 58.9 million (equipment of checkpoints “Shehyni”, “Krakivets”, “Rava-Ruska”, purchase of mobile scanning systems at checkpoints “Yahodyn”, “Shehyni”, “Krakivets”, “Rava-Ruska”);

- Administration of the State Border Service – EUR 7.0 million (purchase of unmanned aircraft systems and means of state border monitoring).

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* Resolution of the Cabinet of Ministers of Ukraine “On the signing of Protocol between the Government of Ukraine and the Government of the Republic of Poland on the amendment to the Agreement between the Government of Ukraine and the Government of the Republic of Poland on extending a tied aid credit, done at Warsaw on September 9, 2015, amended by Protocol done at Warsaw on December 3, 2018, and by Protocol done at Warsaw on September 15, 2021”