Agreements signed for major investment loans for flagship projects in Georgia, Moldova and Ukraine

On 15 December, in the margins of the Eastern Partnership Summit, four EU-supported loans were signed for major projects benefitting citizens in Georgia, the Republic of Moldova, and Ukraine.

The projects – for rural internet connection in Georgia, road transport connections in the Republic of Moldova, and energy efficiency in Moldova and Ukraine – are part of the flagship initiatives developed for each of the Eastern Partnership countries as part of the EU’s Economic and Investment Plan (EIP) for the region. The agreements signed together with the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the respective partner countries mark a concrete step forward in implementing the EIP and delivering tangible benefits for local citizens.

The Economic and Investment Plan supports the region’s post-COVID socio-economic recovery and long-term resilience, taking into account the ‘build back better’ agenda focusing on recovery, resilience and reform. The plan outlines priority investments and defines a set of flagship initiatives, jointly identified with the partner countries in view of their priorities, needs and ambitions.

The four agreements signed today concern:

• Fast internet connection for rural Georgia
• Improved energy efficiency in the Republic of Moldova
• Connectivity and road safety in the Republic of Moldova
• Energy Efficiency in public buildings in Ukraine

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Press release