Ukraine and EIB sign agreements worth over EUR 100M to restore energy and critical infrastructure

This was announced by Prime Minister of Ukraine Denys Shmyhal in his Telegram, Ukrinform reports.

“Ukraine and the European Investment Bank have signed agreements to finance the restoration of energy and critical infrastructure. The signing took place during our meeting with EIB President Nadia Calvino,” he wrote.

Shmyhal clarified that the EIB is allocating EUR 16.5 million to restore critical infrastructure and implement energy efficiency.

At the same time, the second agreement paves the way for EUR 100 million to be allocated to restore water, heat and sewage facilities, as well as to modernize 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 the Russian aggression,” the Prime Minister said.

The Prime Minister also informed that the parties had discussed financing within the framework of bilateral cooperation. According to him, in general, the EIB's project portfolio in Ukraine is one of the largest and consists of 25 projects worth EUR 4.95 billion. These are projects in the fields of transport, social infrastructure, and energy.

“I also noted other urgent priorities of our cooperation that require further investment, such as crossing points and road infrastructure, support for small and medium-sized businesses, municipalities, and the stability of the energy sector,” he said.

Shmyhal added that the meeting also touched upon economic issues. For his part, the Prime Minister spoke about the key budget expenditures for this year and emphasized the importance of supporting small and medium-sized businesses.

“Since the beginning of the full-scale war, the EIB has mobilized more than EUR 2 billion to support Ukraine. Thank you for your significant contribution to strengthening the resilience and development of our country,” he said.

As Ukrinform reported, today, February 10, the head of the European Investment Bank, Nadia Calvino, arrived in Kyiv on a visit.

Photo: Denys Shmyhal/Telegram