European Commission and EIB invest €2 in Ukraine’s reconstruction

On March 6, in Luxembourg, the European Commission and the European Investment Bank (EIB) signed a guarantee agreement unlocking the possibility for the EIB to invest a minimum of €2 billion in urgent recovery and reconstruction projects in Ukraine, the Ministry of Economy of Ukraine informed.

The agreement will facilitate the implementation of critically important initiatives, approved by the Ukrainian government, and forms part of the broader EU financial support mechanism known as the Ukraine Facility.

The funds will support public sector operations across key sectors. Investments will focus on strengthening Ukraine’s energy networks, including energy grids, expanding hydropower and renewable energy production, and improving energy efficiency. They will also go toward modernising railways, improving urban public transport, and upgrading transport connectivity, including EU-Ukraine Solidarity Lanes and border crossing points along key export routes.

In addition, the financing will help restore municipal infrastructure, such as water and heating systems, public lighting, as well schools, hospitals and higher education institutions.

EIB President Nadia Calviño emphasized that Ukraine’s security is intrinsically linked to the security of all of Europe, and that the signed agreement will enable the implementation of vitally necessary projects that will reinforce the country’s resilience.

As a reminder, Ukraine and the European Investment Bank had previously signed financing agreements for the restoration of energy and critical infrastructure. That signing took place during a meeting between Prime Minister Denys Shmyhal and EIB President Nadia Calviño.

delo.ua