Ukraine's Ministry of Coal Industry plans to invest UAH 47.3 billion (about $6 billion) over the next five years (until 2015) for the implementation of development projects involving technical re-equipment and construction at 63 state-owned coal mines.
Accordingly, the funds in question will be invested in coal mining enterprises in Ukraine's Donetsk region (UAH 25.5 billion), in the Luhansk region (UAH 19.5 billion), Lviv region (UAH 2.1 billion), and Volyn region (UAH 0.2 billion). In 2010, for the implementation of the mine development projects, the government will invest UAH 6.9 billion (about $872 million). Beside the state, the sources of investments will also include private investors and banks.
As a result of the implementation of these investment projects, in 2015 Ukraine is to increase its coal output by 54 percent compared to 2009 to 60 million mt.