The European Investment Bank (EIB) will mobilize up to €1 billion in investments for Ukraine to help restore critical infrastructure and support businesses.
This was announced by EIB President Nadia Calviño during a press conference in Kyiv, as reported by a Ukrinform correspondent.
“We have signed important agreements with both the government and key Ukrainian banks to mobilize up to €1 billion in investments, covering both public and private sectors. On the public side, we are investing €100 million in water supply infrastructure, €100 million in district heating, and support for municipal heating services,” Calviño emphasized.
The EIB will also invest in the energy sector and its recovery program, including the protection of schools and hospitals.
Additionally, the bank has signed an agreement for a €100 million loan and guarantees aimed at unlocking €400 million in loans for small and medium-sized businesses (SMEs) through key Ukrainian banks such as Ukreximbank, ProCredit Bank, and Ukrgasbank.
During discussions with the Ukrainian government, Calviño highlighted border management, transportation, and energy as priority areas where the EIB could enhance its support.
According to an EIB press release, four projects worth €420 million will be implemented under the EU for Ukraine program to restore critical infrastructure and ensure stable energy supply. The projects include €100 million for Ukraine Recovery III, €100 million for Ukraine Water Supply Restoration, €100 million for Ukraine District Heating (to be managed via Ukreximbank), €120 million for Support for Stability and Recovery of Ukrhydroenergo, aimed at restoring hydroelectric power plants and strengthening Ukraine’s energy system.
The EIB also signed a €16.5 million grant from the German government, in cooperation with Ukraine’s Ministry for Communities and Territories Development, to promote renewable energy. The grant is provided through the EIB’s International Climate Initiative Fund and is part of the Ukraine Energy Rescue Plan, announced by the bank in October 2024.
As previously reported, on Monday, EIB President Nadia Calviño arrived in Kyiv for an official visit.
As part of the visit, Ukraine and the European Investment Bank signed agreements allocating €16.5 million for critical infrastructure restoration and energy efficiency projects and €100 million for the rehabilitation of water and heating facilities
Source: EIB to mobilize up to EUR 1B in investments for Ukraine
