Rus News Journal

Azarov hopes to involve the European Reconstruction and Development Bank in the project of upgrade GTS of Ukraine

Ukraine hopes for participation of the European bank of reconstruction and development (European Reconstruction and Development Bank) in the project of upgrade of the Ukrainian gas-transport system, prime minister Nikolay Azarov has declared during a meeting with the chief executive of the European Reconstruction and Development Bank in Turkey, the Eastern Europe, on caucasus and in the Central Asia Olivier Dekampom on Thursday.

Ukraine has signed with the European Union in March, 2009 following the results of the international conference in Bruxelles the joint declaration on upgrade GTS, counting on billions euro of investments and promising to create transparent the gas market. Thus Kiev and Bruxelles the practical have excluded Moscow from question discussion. Later Ukraine and EU have declared that want to see in this project Russia. The European Reconstruction and Development Bank from the very beginning was called among potential investors of the project of upgrade as Ukrainian GTS.

Azarov has underlined that Ukraine is interested in that the bank took part in this project.

For us it has prime value, especially, considering the fact of building of roundabout gas pipelines (Southern and Northern streams). Our problem - to modernise system so that gas prorolling to Europe on our gas pipeline became the most favourable, the most effective. This work very serious, big, and in this question interaction with your bank to us is very important - quotes Azarov a ministry site.

In turn Dekamp has noticed that the European Reconstruction and Development Banks are interesting plans of Ukraine on upgrade GTS.

your offer on upgrade GTS very much interests us, the board of directors willingly will listen to your plan of action and approaches to this question - quotes the representative of the European Reconstruction and Development Bank a site of the Ukrainian government.

As he said, the power savings subject is one of priority directions of cooperation.

the Parties also have discussed crediting possibilities in Ukraine small and average business, and also large corporations, passes RIA Novosti news agency.