European Investment Bank to allocate €16.5 mln for infrastructure restoration and energy efficiency improvements – Ukraine's PM
Photo: Government Portal
Ukraine and the European Investment Bank have signed agreements to finance the restoration of energy and critical infrastructure. The signing took place on February 10 in Kyiv during a meeting between Ukraine's Prime Minister Denys Shmyhal and the European Investment Bank's (EIB) President Nadia Calviño.
The Government Portal reported this.
The head of the Ukrainian government announced that the EIB will allocate 16.5 million euros for the restoration of critical infrastructure and the introduction of energy efficiency.
"The second agreement paves the way for receiving 100 million euros for the restoration of water, heat supply, and sewage facilities, as well as for the modernization of basic social services in the education, healthcare, and housing sectors," Denys Shmyhal said and thanked the Bank for helping our country rebuild the infrastructure damaged as a result of Russian aggression.
In addition, Denys Shmyhal and Nadia Calviño discussed financing within the framework of bilateral cooperation. According to the Prime Minister, the EIB project portfolio in Ukraine is one of the largest and consists of 25 projects worth 4.95 billion euros in the fields of transport, social infrastructure, and energy.
Photo: Government Portal
At the same time, in a conversation with the EIB president, Ukraine's Prime Minister also noted a number of other areas of cooperation that require further investments. These include, in particular, crossing points and road infrastructure, support for small and medium-sized businesses and municipalities, and stability of the energy sector.
Photo: Government Portal
The parties also discussed economic issues. In particular, Denys Shmyhal informed 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 over 2 billion euros to support Ukraine. Thank you for your significant contribution to strengthening the resilience and development of our state," the Prime Minister emphasized.
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