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Ukraine to get $28.5 million loan to make schools, kindergartens energy efficient

November 24, 2021 3:10 amby Asami Terajima

Ukraine will get the funding from German state-owned development bank KfW, Prime Minister ​​Denys Shmyhal announced on Nov. 24.

The money will be allocated to two regional capitals, Zhytomyr and Zaporizhia. Each municipality will have a 2% interest rate on the loan with a grace period of 10 years. The loan also comes with a 1 million euro grant.

The project aims to modernize 1,000 public buildings including schools, kindergartens and healthcare facilities to reduce heat consumption.

Asami Terajima
Author: Asami Terajima

Asami Terajima is a staff writer at the Kyiv Independent. She worked as a business reporter for the Kyiv Post until November 2021.