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.
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