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 >

22.05.2024  
18:25 Two years of Solidarity Lanes have brought the EU, Ukraine and Moldova closer together
21.05.2024  
08:10 Seven additional private sector leaders announce support for Antimicrobial Use Stewardship Principles in poultry, now includes over 40% of global poultry meat production
13.05.2024  
23:32 EU extends trade support to Ukraine for one more year
04:36 European Union corn is forecast at 18.0 million tons
11.05.2024  
18:55 2024/25 Grain Consumption Expands while Trade Moderates
18:47 Oilseeds Stocks Forecast to Reach Record Highs in 2024/25
06.05.2024  
09:17 The International Year of the Woman Farmer in 2026 Approved by the UN General Assembly, it will increase awareness of the crucial role women farmers play in agrifood systems
04.05.2024  
08:10 2024 wheat forecast trimmed
03.05.2024  
21:25 Rising international quotations for meat, cereals and vegetable oils offset drops for dairy and sugar
07:10 El Niño and La Niña: four crucial steps to build climate resilience
01.05.2024  
08:25 Acute hunger remains persistently high in 59 countries with 1 in 5 people assessed in need of critical urgent action
29.04.2024  
10:43 New CEO at BASF: Martin Brudermüller hands over to Markus Kamieth
25.04.2024  
09:45 Parliament approves a revision of the EUs common agricultural policy
23.04.2024  
16:23 MEPs approve trade support measures for Ukraine with protection for EU farmers
17.04.2024  
18:08 Ministry of Agrarian Policy and Food predicts this years harvest of grains and oilseeds at about 74 million tonnes
16.04.2024  
12:12 West Africa Cocoa Shortage Pushes Up Prices
11.04.2024  
23:48 U.S. Soybean Meal Exports Forecast at Consecutive Records in 2022/23 and 2023/24
23:10 EU Wheat Exports Challenged by Russias Growing Dominance
11:30 Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed
10.04.2024  
15:59 Commission starts setting up the Agriculture and Food Chain Observatory
15:33 Commission approves 2.2 billion German State aid scheme to support the decarbonisation of industrial processes to foster the transition to a net-zero economy
13:17 Donau Soja urges EU for clarity on EUDR implementation
09.04.2024  
10:44 Ukraine remained the third source of EU imports in 2023, with a value of EUR 11.8 billion
06.04.2024  
10:04 World cereal output seen up in 2023/24
09:55 FAO Food Price Index rises in March
05.04.2024  
10:04 Shellfish Crop Insurance Program Offers Oyster Producers Needed Protection from Environmental Challenges and More
03.04.2024  
23:01 Croatian horseradish root Ludbreški hren' added to register of Protected Designations of Origin
02.04.2024  
10:15 FAO and chef Fatmata Binta announce new project to empower women fonio producers in Ghana
28.03.2024  
12:55 Council compromise on Ukraine ATMs Only a half step forward in the right direction
09:18 Commission approves amendment to Italian State aid scheme to support companies in Friuli Venezia Giulia in the context of Russia's war against Ukraine
26.03.2024  
10:55 Projected famine in Gaza: FAO urges immediate access to deliver urgent and critical assistance at scale. About 1.1 million people are experiencing catastrophic food insecurity
08:44 EU makes major step forward in the delivery of 2024 humanitarian aid for Palestinians in Gaza*
25.03.2024  
16:17 Commission approves 86.9 million Bulgarian State aid scheme to support farmers in the context of Russia's war against Ukraine
21.03.2024  
11:15 Commission takes action to boost biotechnology and biomanufacturing in the EU
20.03.2024  
11:13 Deal to extend trade support for Ukraine with safeguards for EU farmers
19.03.2024  
09:43 CAP - The Commission proposes simplifications that safeguard agricultural transitions!
18.03.2024  
23:10 The European Union and Switzerland launch negotiations to deepen bilateral relations
10:05 Commission proposes targeted review of Common Agricultural Policy to support EU farmers
15.03.2024  
23:36 Cargill Power CanolaTM Program Helps Farmers Take Advantage of Growing Bioenergy Market Opportunities for Canadian Canola
23:19 FAO will provide Ukrainian farmers with soybean and sunflower seeds for spring sowing campaign
13.03.2024  
23:27 FAO urges more cooperation in banana sector, significant for some least developed and low-income food-deficit countries and smallholder farmers
16:51 The European Commission sets out key steps for managing climate risks to protect people and prosperity
12.03.2024  
20:25 Coreper and COMENVI approve the provisional agreement on EU Carbon Removal Certification Framework
20:24 INTA MEPs fail EU producers by dismissing potential improvements to Ukraine ATMs
08:10 Soybean meal is expected to be a more competitive feed ingredient on higher global supplies.
11.03.2024  
09:11 U.S. Corn Exports Shift Destinations as Brazil Captures China Market
08.03.2024  
15:20 Conflicts push acute food insecurity higher
13:21 FAO Food Price Index declines further in February
13:14 Packaging: Council and Parliament strike a deal to make packaging more sustainable and reduce packaging waste in the EU
11:45 Commission approves 61.3 million Bulgarian State aid scheme to support farmers, producers of grain and oil crops, in the context of Russia's war against Ukraine

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 -2024 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com