OREANDA-NEWS. August 3, 2012. During his working visit to Dnipropetrovsk held on July 27, Minister of Finance of Ukraine Yuriy Kolobov and Jean-Patrick Marquet, Director, Municipal and Environmental Infrastructure, EBRD, have signed a Ukraine-EBRD Loan Agreement to finance a project to complete Dnipropetrovsk Metro. The European Bank for Reconstruction and Development will provide a €152 million loan.

Total loan project is over €300 million, which includes EBRD contribution of €152 million, and the European Investment Bank contribution of €152 million. The project will provide for extra grant proceeds of €1.94 million. A long-term loan proceeded from international financial institutions is supposed to significantly favour the infrastructure development and better functioning of Dnipropetrovsk public service system. It is worth saying that building and engineering envisages high environment standards. The EBRD's loan will help expanding the metro and opening new metro stations in Dnipropetrovsk. This will uniquely enable the city to solve traffic issues and implement the metropolitan completion as one of the greatest infrastructure projects.

With the current complicated global economy stance, a crediting and investing like this provides evidence of investors’ confidence in the Ukrainian government’s actions and a right way that has been chosen towards consistent reforms being effective and efficient. Both the strategy and the clear mechanism of Ukrainian Government’s implementation of the ambitious modernization program and economic reform program are seen in the investors’ eyes as a sign of self-confident economic situation in Ukraine and noticeable positive changes, and a good investing climate.