KIEV, July 19 – Naftogaz Ukrayiny and the European Bank for Reconstruction and Development have signed a memorandum on the financing of the first stage of the reconstruction of the Ukrainian gas transport system, including the Urengoy-Pomary-Uzhgorod gas pipeline.

Andre Kuusvek, director and country manager for Ukraine at EBRD, and Naftogaz Deputy Chairman Vadym Chuprun signed the memo.

Kuusvek said that the EBRD is ready to allocate $154 million. The European Investment Bank could lend the same sum.