According to Kuusvek, the EBRD will participate in the modernization of the gas transit system, and it can begin with the Pomary Urengoi-Uzhgorod, and then move on, because the project is medium-term.
"Nevertheless, we must not forget that the cost of the project of comprehensive modernization of the GTS has increased from USD 1.5-2 billion to USD 3-4 billion, and maybe, up to USD 5 billion. This is a very significant amount. For its part, the Bank for five years may invest USD 1 billion to modernize the Ukrainian gas transit system," Kuusvek said.
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