Ukraine selects first infrastructure projects within Danida Business Finance program

"The Ministry of Reintegration of the Temporarily Occupied Territories of Ukraine has selected two infrastructure projects in Mykolayiv region that will be funded under a framework agreement with the Government of the Kingdom of Denmark within the Danida Business Finance program in Ukraine," the Ministry’s press service informs.

These projects are "Modernization of district heating system of Private Joint Stock Company Mykolayiv Combine Heat and Power Plant" and "Provision of quality water supply and sewerage services to residents and businesses of Voznesensk City Territorial Community".

More projects will be selected later. They will be implemented in Mykolayiv, Kharkiv, Kherson regions, as well as in the government-controlled territories of Donetsk and Luhansk regions.

The projects should be non-profit and concern renewable energy, energy efficiency, district heating, water supply and water treatment.

Danida Business Finance is a program implemented by the Kingdom of Denmark aiming to solve infrastructure problems and providing interest-free loans with a maturity period of up to 10 years. The cost of such projects ranges from EUR 13.5 million to EUR 100 million. The procedure for selecting projects related to the reintegration of the temporarily occupied territories of Ukraine and the development of infrastructure of adjacent territories to be financed is approved by Government Regulation No. 705 of July 7, 2021.

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