Egis signed the Framework Agreement with Nordic Environment Finance Corporation (NEFCO)

NEFCO and the Neighbourhood Investment Platform of the European Union (NIP) have developed an investment program for modernization of water infrastructure in Ukraine called “NEFCO NIP Ukraine Water Modernisation Programme”. The Programme addresses the critical situation in municipal water supply and sewerage in Ukraine with deteriorating networks and facilities due to long periods of under-investment. The program is supervised by a Programme Manager at NEFCO HQ in Helsinki and the Head of RO in Ukraine and they chose 3 Egis experts for the program implementation.

The current pipeline for the investment program includes investments in 10 Ukrainian cities (Sumy, Fastiv, Uman, Kaniv, Lubny, Khmelnytskyi, Horishni Plavni, Lutsk, Chernigiv, Berdychiv) where the overall investment costs are estimated at EUR 17 million. Financing of the program consists of several individual NEFCO loans in the range of EUR 0.5-1.6 million up to a total of EUR 12.4 million, EU support of 3.4 million for investment grant and interest subsidy, and local financing by the cities of EUR 2.6 million.

The implementation phase in NIP Ukraine Water Modernisation Programme is about to start and will last until the end of June 2023.

Egis is proud to take part in such a significant project as modernization of water infrastructure in Ukraine.