German Bank Took An Interest In The Investment Project “Chernivtsivodokanal”

Issue of collaboration and investing of the investment project that will be fulfilled in Chernivtsi in the sphere of water supply and drainage system was discussed on February, 18 at the meeting of Mayor Mykola Fedoruk with the delegates of the German bank KfW technical mission. The mission visits Chernivtsi for the second time. This time concrete collaboration mechanisms, technical and financial issues were discussed. Lead project manager of the Department of Municipal Infrastructure of the bank’s head office in Frankfurt Nikolaye Tust, technical engineer of the Department of Municipal Infrastructure of the bank’s head office Thomas Wolf and project manager of the bank’s office in Kyiv Lyudmyla Klyapchuk got acquainted with the performance potential of the enterprise, manufacturing process, management structure and principles of economic policy. Mission representatives offered to attract German experts and to study more thoroughly technical and economical condition of the enterprise, its potential in determination of available resources that can be employed in the investment project implementation. Long-run objective of the project is optimization of water waste, introduction of regular calculation of its production and consumption, reduction of the cost price of its production and improvement of its quality, improvement of the drainage refinement procedure.
Reference: the KfW is a state bank established in 1948. It is a leader among German banks. Central office is situated in Frankfurt-on-Mein; its agencies operate in Berlin, Bonn, and more than fifty countries of the world. The bank has the rating AAA and possibility to grant cheap credits for implementations of projects aimed at patronage of financial development.
The KfW finances development of social and economic infrastructure, works on resources and environmental protection in many countries of the world. Export and project financing in spheres of water and power supply, energy conservation, building, environmental protection, education and health care are the most important scopes of the bank.