The European Commission and the EIB Group signed an agreement under the Ukraine Facility

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.

www.eeas.europa.eu