The European Investment Bank (EIB) has agreed to provide a €41 million loan to modernize and upgrade Ukraine’s air navigation system. The loan will finance a program implemented by the Ukrainian State Air Traffic Service Enterprise, to be implemented at various airport sites and in remote locations throughout Ukraine.
The project will replace and upgrade surveillance infrastructure, air traffic management systems, communications and navigation systems. It will also finance the construction of aerodrome control towers.
“EIB funds will contribute to safer and more efficient air navigation in Eastern Europe for the benefit of Ukraine as well as its partners in the European Union,” EIB VP Anton Rop said.
Including the current loan, the EIB has provided €1.9 billion in loans to Ukraine.