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EBRD announces plans to invest EUR1.1 billion in Ukraine this year
Journal Staff Report

KIEV, April 26 - The European Bank for Reconstruction and Development is maintaining its plans to invest EUR 1.1 billion this year in projects in Ukraine as it did in 2009, EBRD President Thomas Mirow said.

"We're prepared to invest the same amount this year," Mirow said at a Monday press conference in Kiev.

The bank is ready to put EUR 200-225 million into completing the construction of the Kiev-Chop highway, among other projects, he said. Finishing up this project generally will take an overall EUR 1 billion, of which the European Investment Bank might contribute EUR 450 million, the EBRD another 450 million, and the government of Ukraine EUR 100 million, he said.




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