Ukraine: EU steps up its support to infrastructure recovery through new EIB agreement 

The European Commission will facilitate the preparation and implementation of the Ukraine Recovery Programme, in cooperation with the EIB and the Ministry of Communities and Territories Development of Ukraine, with a €7 million grant agreement to be funded by the EU signed on 25 May.

The programme, which received €340 million of EIB financing in late 2020, will contribute to the restoration of decent living conditions and economic activity in areas affected by the conflict in eastern Ukraine, and support basic infrastructure needs for internally displaced people and host communities.

The Ukraine Recovery Programme will finance several hundred small- to medium-sized projects at the municipal level to restore social infrastructure, improve public utility services, and repair damaged administrative buildings and other key social infrastructure, including hospitals, schools, kindergartens, post offices, street lighting, sewerage systems, municipal transport, and relevant transport infrastructure.

“Together with our fellow EU institutions, we have contributed to improving the daily lives of thousands of people living in a challenging and vulnerable area. Improved and modern infrastructure is a major investment in the future of these communities in eastern Ukraine,” said EIB Vice-President Teresa Czerwińska, who is responsible for operations in Ukraine.

The grant, which comes under the EU Neighbourhood Investment Platform (NIP), is expected to benefit around 13.7 million people, boost regional development, enhance infrastructure resilience  and promote faster economic growth in Ukraine.

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Press release