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30.08.2018 | 16:20

Ukraine wants to prolongate agreement on EUR 100 million loan with Poland

Ukraine wants to extend the agreement with Poland on EUR 100 million loan for border infrastructure development till 2020.

Ukraine intends to prolongate the agreement with Poland, dated September 9, 2015, on EUR 100 million to finance projects designed to develop border infrastructure and equip border checkpoints at the Ukrainian-Polish frontier, till the end of 2019. 
It's said in the respective governmental order #595 dated August 29.

The government approved draft protocol on amendments to the agreement dated 2015 on loan provision and authorized Ukraine's Ambassador to Poland Andrii Deshytsia to sign it. 

Currently the agreement provides that Ukrainian residents and Polish entrepreneurs can conclude contracts till April 6, 2018. 

Besides, minimum contract value on consulting services at EUR 500 thousand shall be changed. 
According to the Finance Ministry, 7 contracts at EUR 68 million on construction works and consulting services and 4 contracts at EUR 25 million on designing and building at the border checkpoints were concluded.

Contractual works haven't started yet due to long-term consideration of the project by Polish side as well as some contracts haven't seen concluded due to long-term negotiations on investment project concept and tenders. 

On September 9, 2015, the intergovernmental agreement was concluded between Ukraine and Poland tied government loan to Ukraine of EUR 100 million. The Parliament ratified it in February 2016. 
The loan facility was granted to Ukraine for 30 years at 0.15 % interest.

References in the article: ukraine, poland, customs, loan, frontier, border
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