During the EIB Group Forum, the European Investment Bank and the European Commission signed a guarantee agreement that will allow the EIB to invest at least €2 billion in urgent recovery and reconstruction projects in Ukraine. This financing is in line with the priorities and needs of the Ukrainian government and is part of the EU’s €50 billion Ukraine Facility for Ukraine for 2024-2027.
The funds will be used to:
- strengthen Ukraine’s energy sector, including upgrading electricity grids, expanding hydropower and renewable energy production, and improving energy efficiency;
- modernise railways, develop urban public transport and improve transport connectivity, including the Solidarity Roads initiative and upgrade border crossings to facilitate key export routes;
- restore municipal infrastructure, including water and heating systems, public lighting, as well as schools, hospitals and higher education institutions.
News
-
EU supports development of training centres for the Armed Forces of Ukraine
-
The EU Ambassador to Ukraine, Katarina Maternová, discussed with teachers from Kyiv how to bring the EU closer to young people in Ukraine
-
The EU and France have allocated €4.5 million for the reform of state asset management in Ukraine
-
With EU and Polish support: a modern Psychosocial Support Centre has opened in Bilhorod-Dnistrovskyi
-
A Centre to Assist War Victims Has Opened in Odesa with EU Support
-
Frontline Ukrainian city Dnipro renews public transport fleet with EU support