OREANDA-NEWS. During a visit in Warsaw the Governmental delegation of Ukraine has signed an intergovernmental agreement according to which Poland provides a tied government loan to Ukraine of EUR 100 million, which, in particular, envisages funds to finance projects designed to develop border infrastructure and equip border checkpoints at the Ukrainian-Polish frontier.

The deal between the Cabinet of Ministers of Ukraine and the Government of the Republic of Poland was signed by Minister of Finance of Ukraine Natalia Jaresko and Minister of Finance of Poland Mateusz Szczurek in the presence of Prime Ministers of Ukraine and Poland.

Following his meeting with Prime Minister of Poland Ewa Kopacz, Prime Minister of Ukraine Arseniy Yatsenyuk announced that this deal is a significant step to support Ukraine.

According to the Head of Ukraine’s Government, the document contains that the loan facility is granted to Ukraine for 30 years at 0.15 % interest.

The Prime Minister of Ukraine explained the funds are to be spent to construct 8 checkpoints along the longest eastern border of the European Union: "In general, this will affect 8 million citizens on both sides. The traffic on these checkpoints equals 50 thousand people, 15 thousand passenger cars and 2 thousand trucks daily".

"60% of the money will be directed to construct roads at these checkpoints, 40% of the sum will go to develop infrastructure", explained the Head of Government.

Arseniy Yatsenyuk added that the Polish business demonstrated readiness to engage in the construction of the Ukrainian checkpoints.