Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

Ukraine: EIB provides 320 million EURO for COVID-19 vaccines and improvements in operational resilience at Boryspil International Airport

13.02.2021 18:36 "Agro Perspectiva" (Kyiv) Ukraine: EIB provides EURO320 million for COVID-19 vaccines and improvements in operational resilience at Boryspil International Airport

● EU bank provides EURO50 million to Ukraine for COVID-19 vaccines and supply chain equipment.

● A further EURO270 million will be used to finance improvements at Boryspil International Airport (KBP), the largest airport in Ukraine and the main international gateway.

● With a record investment of over EURO1 billion in Ukraine in 2020, the EU bank continues to make a much-needed contribution to the Ukrainian economy and its people.

The European Investment Bank (EIB) and the Government of Ukraine have agreed on a new EURO320 million financial package to help accelerate Ukraines recovery from the COVID-19 pandemic and to rebuild airport infrastructure and increase its operational resilience. The EU bank will lend EURO270 million to the state-owned Boryspil International Airport for airport infrastructure rehabilitation and aviation security and safety enhancement. Another EURO50 million under the Ukraine Municipal Infrastructure Programme has been repurposed to purchase much-needed COVID-19 vaccines and the related supply chain equipment.

In response to the COVID-19 crisis, the EU bank, as part of Team Europe, rapidly redirected its efforts towards fighting the pandemic and its economic consequences and supporting the faster economic and social recovery of Ukraine. In 2020, the year of the worst global health and economic crisis for generations, the EIB invested over 1 billion in Ukraine, marking the second-highest investment volume in the history of the Banks activities in the country.

EIB President Werner Hoyer said: «It is a real pleasure to welcome Prime Minister Shmyhal and Infrastructure Minister Kryklii and their teams to Luxembourg today. As the EU bank, the EIB is deeply committed to supporting our neighbours in the Eastern Partnership region and Ukraine in particular. In 2020, we delivered a record investment of over 1 billion in Ukraine. Our operations focused on support for conflict-affected regions of eastern Ukraine, infrastructure rehabilitation and development, innovation, improvements in public transport and business recovery as part of the Team Europe effort to respond to the impact of the coronavirus crisis. We have started 2021 with very timely initiatives as we move towards a post-COVID-19 recovery. As the EU bank, we are ready to help alleviate the pressure of the pandemic by protecting the population of Ukraine, building resilience and supporting initiatives such as the operations signed today to support growth and recovery.»

EIB Vice-President Teresa Czerwińska, who is responsible for operations in Ukraine, said: «Access to vaccines is the key to saving lives and to allowing life in Ukraine to return to normal as quickly as possible. The EIB is pleased to be contributing towards this. As part of Team Europe, we are maintaining strong support to Ukraine in this time of need and the new EIB initiatives outlined today continue our strong track record of boosting the countrys sustainable economic and social development. We are also looking beyond the COVID-19 crisis, investing in Boryspil International Airport, a key piece of infrastructure that is vital for the long-term economic development of Ukraine. Together with the Ukrainian government, we have made strategic investments in a better, more resilient and economically prosperous future for Ukraine, reinforcing the EU banks role as a reliable ally.»

The Ambassador Matti Maasikas, Head of the EU Delegation to Ukraine, said: «These two loans signed today are very important for Ukraines resilience and post-COVID recovery. First of all, the support for vaccine purchase and supply chains, on top of the already mobilised EU COVID assistance, COVAX deliveries and the EU-WHO action to support deployment of COVID-19 vaccines and vaccination in Eastern partnership countries announced yesterday, will help speed up the vaccination process in Ukraine. It is incredibly important to win this race against time — when it comes to COVID, no one is safe until everyone is. The investment into Boryspil International Airports western airfield system, including the western runway, is an important contribution not only to Ukraines economic recovery after the current period of travel restrictions, but also to fostering climate security, as it will focus on existing airport capacity, its safety, security and sustainability, not on expansion.»

The Prime Minister of Ukraine Denys Shmyhal remarked: «With this additional EIB and EU support, we are continuing to ensure that we are well funded to support Ukraines health system and help strengthen protection measures for the population in response to the COVID-19 crisis. The EIB financing will enable us to purchase COVID-19 vaccines critical for gaining control over the spread of the virus and getting back to normal sooner. COVID-19 is also altering airport business operations. The loan signed today for Boryspil International Airport will ensure the development of infrastructure and strengthen the position of the international hub. We would once again like to thank the EIB for its long-standing cooperation and support. We believe that together we will be able to work out possible mechanisms to support Ukraine during the pandemic.»

EURO50 million to vaccinate Ukrainian people against COVID-19

The EU bank will provide EURO50 million to help Ukraine combat the coronavirus. The funds will go towards purchasing COVID-19 vaccines and the related cold supply chain equipment that is key for the successful distribution of vaccines across the country. The loan reinforces Ukraines ability to tackle the COVID-19 pandemic. The operation is part of the overall COVID-19 response support provided by Team Europe.

These funds will be made available from the existing EURO400 million Ukraine Municipal Infrastructure Programme (UMIP) being implemented by the Ministry of Communities and Territories Development. The Ukrainian Ministry of Health will implement the COVID-19 facility in cooperation with the Project Management Support Unit under UMIP to provide strategic and operational advice as well as project management support to both ministries.

EURO270 million to improve Boryspil International Airport

The EURO270 million loan for Boryspil International Airport (K) will improve energy efficiency, aviation safety and security, as well as the operational resilience of Ukraines largest international airport that accounts for some 60% of all passenger air traffic in the country.

The operation will enable the rehabilitation of the western airfield system, including the western runway (18R-36L). The reconstructed runway will replace the current obsolete one and will improve the airports operational flexibility. The EU bank loan will also enable the airport to improve airside ground circulation and upgrade safety with state-of-the-art airfield lighting and instrument landing systems.

Ukrainian Minister of Infrastructure Vladyslav Kryklii said: «Thanks to the support of our international partners from the EIB and the implementation of the Boryspil Airport development project, we will bring the airport up to modern standards, increasing the technical equipment and competitiveness of the enterprise. This will help Ukraine in the further successful development of the aviation industry.»

Acting CEO of Boryspil International Airport Oleh Struk said: «Cooperation with the EIB with the support of the Ukrainian government and the Ministry of Infrastructure is extremely important for Boryspil International Airport. This is particularly crucial during these difficult times for the entire aviation industry. This loan will enable us to implement a project to rebuild flight zone No 2 and later, after the full resumption of flights and passenger traffic, will be the financial basis for implementing the government-approved airport development concept. We have a lot of work ahead of us.»

The project is fully consistent with the EIB Climate Bank Roadmap. The roadmap excludes new investments in airport capacity expansions from 11 November 2020 and instead focuses on improving the existing airport capacity, including investments in safety, security and sustainability, which are planned under the EURO270 million loan for Boryspil International Airport.

Agro Perspectiva

< Soybean Buyers Turn Attention to Brazils 2021 Harvest All news for
13.02.2021
Kernel asks AMCU for permission to buy CascadeAgro, 12 more farms of Khomutynnik >

19.09.2021  
11:00 G20 Agriculture Ministers: Agri-food systems are key to reducing inequalities, says FAO Director-General
14.09.2021  
15:25 India Allows GE Soybean Meal Imports in Response to Soaring Domestic Meal Prices
13.09.2021  
14:57 Cargill expands global pectin footprint with opening of $150 million processing facility in Brazil
12:45 ASTARTA Completed Processing Imported Raw Cane Sugar and Started Sugar Production Season 2021
06.09.2021  
17:38 World cereal supplies remain adequate despite lower production prospects
17:36 Global food commodity prices rebound in August
17:32 Finance Minister expects to keep inflation within 10%
31.08.2021  
18:32 Brazil. The cattle herd will grow four percent in 2021 and 2022
30.08.2021  
15:11 Mexico. Chicken production is estimated at 3.9 MMT in 2022
11.08.2021  
15:45 Bulgarian rapeseed production is forecast to rebound in MY 2021/22
15:25 Inflation in Ukraine up to 10.2% in July - statistics
15:05 Kernel intends to buy back up to 19.2 mln shares for $250 mln
10.08.2021  
15:00 $127 million from World Bank to shore up food security and rural livelihoods in Yemen
14:02 G20: FAO Director-General calls for closing of digital divide
05.08.2021  
19:16 Global food prices decline in July
30.07.2021  
15:15 CNH Industrial. Consolidated revenues of $8.9 billion (up 60% compared to Q2 2020), net income of $699 million
28.07.2021  
12:17 BASF with very strong second quarter supported by higher prices and volumes
24.07.2021  
10:36 Ethiopia: Worlds Third‐Largest Arabica Coffee Producer
23.07.2021  
10:49 U.S. Production and Exports Forecast Down Despite Global Gains
16.07.2021  
15:06 Global pork production for 2021 is revised up nearly 4 percent to 105.1 million tons
12:50 Global Soybean Trade Slows on Weaker China Demand
14.07.2021  
13:45 UN report: Pandemic year marked by spike in world hunger
11:00 Australia to Expand Wheat Exports as North America Faces Tighter Supplies
10:37 Philippines Pork Imports Expected to Reach Record Levels
08.07.2021  
15:12 World cereal inventories expected to rise for the first time since 2017/18
13:15 Global food prices fall for the first time in 12 months
06.07.2021  
12:30 ASTARTA Exported the First Batch of Organic Products
30.06.2021  
18:05 Turkey. In MY 2020/21, orange production is estimated to decrease 1.3 million MT
29.06.2021  
11:55 Tetra Pak to invest 100 million to expand European manufacturing for more sustainable solutions
25.06.2021  
17:17 FRESH APPLES. World production for 2020/21 is projected down 3.6 million tons to 75.9 million
24.06.2021  
13:05 Vattenfall to sell 49.5% of the offshore wind farm Hollandse Kust Zuid to BASF
17.06.2021  
12:30 Minister Bozukov: Environmental commitments in agriculture need adequate economic incentives
16.06.2021  
10:52 U.S. Corn Exports at a New High for 2020/21
09.06.2021  
17:05 Iraq Issues Decisions to Restrict the Movement of Wheat and Barley
16:37 Case IH Introduces New Planter Tech, Applicator Configurations
04.06.2021  
13:46 World cereal markets heading towards a record production in 2021/22 but only a marginal increase foreseen for stocks
03.06.2021  
14:29 Japan. The tariff-rate quota volumes for butter at 6,400 MT and NFDM at 750 MT for JFY 2021
12:25 Burma. Wheat consumption is forecast to decrease in 2021 due to economic contraction and cash shortages post-coup
09:25 Pests destroy up to 40 percent of global crops and cost $220 billion of losses
01.06.2021  
10:55 Tetra Pak's optimal integrated solution helps cut water usage and carbon emissions for the dairy sector
31.05.2021  
11:53 European Union sugar production is forecast 7 percent higher to 15.8 million tons
26.05.2021  
13:02 Sugar Production Up Globally in 2021/22, Stable in the United States and Mexico
18.05.2021  
13:33 ASTARTA Completed its Sowing Campaign 2021
17.05.2021  
16:47 CNH Industrial announces subsidiary notes offering
14.05.2021  
14:15 ASTARTA Started Raw Sugar Processing
12.05.2021  
14:01 For the MY 2021/22 forecasts Bangladeshs rice production to increase, assuming friendly weather and increased yield
12:51 Total Latvian wheat, rye, mixed grains, triticale, barley, corn, and oat production in MY 2021/22 is forecast at 3.2 MMT
07.05.2021  
13:22 Global cereal markets tighten as demand remains strong in 2020/21
12:25 International food prices continue rising in April
06.05.2021  
15:38 New Zealand. Total milk production is forecast at 22.2 MMT

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2021 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com