Ukraine received 46 million euros from the European Investment Bank to support urban development
Ukraine received 46.1 million euros in loan funds from the European Investment Bank within the framework of four projects aimed at developing urban infrastructure. The funds were transferred to a special fund of the state budget, reports the Ministry of Finance.
In particular, 13.3 million euros were received for the projects “Municipal Infrastructure Development Program” and “Urban Public Transport of Ukraine”, 14.7 million euros for the project “Urban Public Transport of Ukraine 2”, and another 4.8 million euros for the project “Energy Efficiency of Public Buildings in Ukraine”.
The received funding will be used for the reconstruction of water supply and wastewater systems, the reclamation of the Hrybovytsky landfill near Lviv, the implementation of energy efficiency measures in public buildings, as well as for the purchase of public transport rolling stock in Kyiv, Mykolaiv, Lviv, Zaporizhia, Uzhhorod, Ternopil, Kamianskyi, Dnipro and Kremenchuk.
In total, the European Investment Bank has already provided Ukraine with over €168 million under these programs, of which the largest share — €121.1 million — is aimed at upgrading public transport in Ukrainian cities. The financing is provided within the framework of the European Union’s Ukraine Facility initiative, which involves raising funds under the guarantees of the European Commission.
“The financing provided by the European Investment Bank helps Ukraine support urban development – in particular, to upgrade public transport, implement energy efficiency measures and implement other important projects. This support is extremely important, especially in conditions when the Ukrainian government directs all internal resources to meet the needs of the security and defense sector. We highly appreciate such assistance and look forward to further fruitful cooperation, in particular in expanding the use of the European Union’s guarantee mechanisms. This will allow us to implement an even greater number of projects necessary for the reconstruction of the country,” Deputy Minister of Finance Olga Zykova emphasized.
The European Investment Bank continues to finance the restoration of Ukraine’s critical infrastructure, including roads, bridges, railways, energy facilities, medical institutions and social facilities. The EIB also supports long-term projects to reconstruct destroyed public buildings and urban infrastructure.
Today, the EIB’s loan portfolio in Ukraine is one of the largest among international financial institutions and covers 27 projects for a total amount of EUR 4.7 billion.
