Ukraine signed agreements with EIB to allocate over €100 million for reconstruction
Photo: Prime Minister of Ukraine Denys Shmyhal (Vitalii Nosach, RBC-Ukraine)
Ukraine and the European Investment Bank have signed several agreements. They include financing for the restoration of energy and critical infrastructure, Ukrainian Prime Minister Denys Shmyhal says.
Today, February 10, Shmyhal met with EIB President Nadia Calvino. It was during this meeting that the agreements on assistance to Ukraine were signed.
According to the Prime Minister, in particular, the European Investment Bank will allocate 16.5 million euros to restore critical infrastructure and implement energy efficiency.
The second agreement paves the way for EUR 100 million to be allocated for the restoration of water, heat, and sewage facilities, as well as for the modernization of basic social services in the education, healthcare, and housing sectors.
“We are grateful to the Bank for its assistance in rebuilding the infrastructure damaged by Russian aggression,” the Prime Minister said.
At the same time, Shmyhal noted that during the meeting with Calvino, they separately discussed financing within the framework of our bilateral cooperation.
“In general, the EIB's project portfolio in Ukraine is one of the largest and consists of 25 projects worth €4.95 billion. These are projects in the field of transport, social infrastructure, and energy,” he explained.
The Prime Minister also noted other urgent priorities for cooperation that require further investment, including
- crossing points
- road infrastructure
- support for small and medium-sized businesses and municipalities
- stability of the energy sector.
Shmyhal summarized that since the beginning of Russia's full-scale war, the EIB has mobilized more than €2 billion to support Ukraine.
“Thank you for your significant contribution to strengthening the resilience and development of our country,” he said.
Restoration of infrastructure in Ukraine
As a result of Russia's full-scale invasion of Ukraine, critical infrastructure has been damaged throughout Ukraine. In particular, this concerns the energy sector, as the Russians are constantly trying to damage such facilities during their missile and drone attacks.
In June 2024, it became known that the European Investment Bank would provide Ukraine with €100 million to restore and modernize social infrastructure.
In its article, RBC-Ukraine described in detail what the funds will be used for.
