EIB and European Commission provide €15 million to support local recovery and essential services in Ukraine

On 21 November, the European Investment Bank (EIB), the bank of the European Union, disbursed €15 million to help Ukrainian communities restore vital services and livelihoods. 

The operation is backed by an EU guarantee under the Ukraine Investment Framework, which forms part of the broader €50 billion Ukraine Facility.

Disbursed through the EIB’s Ukraine Recovery III programme and backed by a €100 million guarantee, the funds will support small-scale recovery projects in several oblasts, including Dnipropetrovsk, Zaporizhzhia, Zhytomyr, Kyiv, Mykolaiv, Odesa, Poltava, Sumy, Ternopil, Kharkiv, Kherson and Chernihiv.

The financing will be used to help communities in many sectors by rebuilding district heating systems, installing new cogeneration units, upgrading boiler house power supply, and building small cogeneration plants to make heat and electricity more reliable. 

In the health sector, the programme will also support the renovation of surgical buildings and the energy-efficient upgrade of major hospital facilities. Water projects will include new drinking water pipelines, rehabilitation of water intakes, and improvements to local water supply networks to ensure stable access to clean water. There will be fast-tracked construction of shelters and emergency centres, which are expected to save lives in communities close to the frontline.

“Our support, delivered through the EIB’s recovery programmes, goes directly into practical projects that municipalities can move on with immediately/…/,” said EIB Vice-President Teresa Czerwińska, who oversees the Bank’s operations in Ukraine. “These are essential services for communities on the frontline and those welcoming displaced people, and the EIB remains committed to helping them sustain and strengthen these efforts.”

The Ukraine Investment Framework (UIF) is designed to attract public and private investments for the recovery and reconstruction of Ukraine, with the aim to mobilise €40 billion of investments. 

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Press release