EIB to allocate EUR 270M to Ukraine for Boryspil airport modernization

The European Investment Bank (EIB) will provide Ukraine with EUR 270 million for the modernization of Boryspil International Airport.

Ukrainian Prime Minister Denys Shmyhal wrote about this on his Telegram channel on February 12.

"The EIB will provide Ukraine with EUR 270 million for the modernization of Boryspil International Airport. The funds will be used to improve energy efficiency, aviation security and operational sustainability of the airport," the PM wrote.

He added that cooperation with the EIB will gradually increase passenger traffic at the Boryspil airport.

According to the Government portal, Shmyhal, during a meeting with EIB President Werner Hoyer, stressed that Ukraine highly appreciates the active role of the EIB in supporting the Ukrainian economy, public and private sectors, and hopes to expand cooperation.

"We believe that in the near future the EIB will be able to present a new seven-year external financing mandate. We seek further cooperation, in particular in the field of financing of transport, energy sector and urban infrastructure of Ukraine," the prime minister said.

For his part, the EIB president stressed that the European Investment Bank, as the EU bank, is deeply committed to supporting its neighbors in the Eastern Partnership region and Ukraine in particular. According to him, the EIB made a record investment in Ukraine worth more than EUR 1 billion in 2020.

As Ukrinform reported, in January-November 2020, the passenger traffic at Boryspil International Airport reduced by 65% compared to the same period of 2019.

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