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The Polish government passed a resolution to grant Ukraine a loan of up to 100 million euro. The decision was announced by Minister of Finance Mateusz Szczurek at a press conference. 68 million euro should be directed at improving quality of roads.

The loan is to be used to finance the modernization of road infrastructure at the Polish- Ukrainian border and border crossings. Ukraine agreed that at least 60% of the works financed through the loan will be carried out by Polish companies. Mr Szczurek explained this will allow to support both Polish industry and Ukraine’s economy.

Ukrainian side has already presented the Polish partners with its offers on projects to be funded by this help. Currently Polish authorities should evaluate the given suggestions to define the direction to finance.

Poland provides credits for Ukraine based on intergovernmental agreement on mutual assistance. Through such lending Poland expects to stimulate border traffic. It is also expected that it would boost development of Eastern Polish regions. 

 

Source: 112 and Lodzpost

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