Brussels, 12/03/2013 (Agence Europe) - On 12 March, the European Investment Bank (EIB) agreed to provide a €41 million loan to finance a comprehensive programme implemented by the Ukrainian State Air Traffic Service Enterprise (UkSATSE), which focuses on modernising and upgrading Ukraine's air navigation system.
The EIB loan will finance the replacement and modernisation of surveillance infrastructure, air traffic management systems, the upgrade of communication and navigation systems and the construction of aerodrome control towers. It will be implemented at various airport sites as well as in remote locations throughout Ukraine.
The project, which will be co-financed by the European Bank for Reconstruction and Development (EBRD), is part of the comprehensive programme to modernise Ukraine's air traffic management infrastructure coordinated between Ukraine and the European Organisation for the Safety of Air Navigation (Eurocontrol) within the framework of the European Single Sky Implementation Plan. The EIB loan to the state-owned Ukrainian air navigation service provider complements EU-funded support to Ukraine for the implementation of EU norms and standards in the spheres of airports, aerodromes and air traffic management/air navigation services. (OL/transl.fl)