Agreement between Zhytomyr and EBRD

Agreement between Zhytomyr and EBRD
15 February 2013
MFSI-II and USAID Take Part in Signing of Agreement between Zhytomyr and EBRD
 
   The city of Zhytomyr, thanks to assistance from the Municipal Finance Strengthening Initiative (MFSI-II) Roll-out Project, had received approval from the Ministry of Finance of Ukraine to incur debt for implementing the Development of the Zhytomyr City Heating System project. Implementing this project will have a significant social and economic impact, among other things, thanks to the improved provision of heating and hot water supply services to city residents through the increased operational reliability of the Zhytomyrteplokomunenergo municipal heating utility.
   Zhytomyr’s mayor expressed his gratitude for the assistance and invited IBSER Director General Iryna Shcherbyna and MFSI-II Project Coordinator Andriy Nesterenko (USAID) to attend a signing ceremony of the Guarantee Agreement between the European Bank for Reconstruction and Development (EBRD) and the City of Zhytomyr under the Development of the Zhytomyr City Heating System project. The signing took place at the EBRD Ukraine office on 14 February 2013.