The European Union and its bank, the European Investment Bank (EIB), remain steadfast in their support for Ukraine, with a disbursement of €99.6 million to assist the Ukrainian government.
This funding will rebuild and upgrade critical infrastructure, including hospitals, social housing, and public services nationwide, all of which are facing ongoing challenges due to unceasing Russian shelling. This financial contribution is part of the EIB’s Ukraine Solidarity Urgent Response package, backed by an EU guarantee.
The funds are being disbursed in two tranches of €60 million and €39.6 million, respectively, which are key to the implementation of the EIB’s recovery programs by the Ukrainian government. This financing will enable the reconstruction of nearly 200 small-scale municipal and social infrastructure projects across various crucial sectors in Ukraine. These projects encompass multiple oblasts of Ukraine, including Chernihiv, Dnipropetrovsk, Kharkiv, Kyiv, Mykolaiv, Odesa, Sumy, Volyn, and Zhytomyr.
The funding will prioritize major repairs, reconstruction, and some new construction of hospitals, public buildings, and social housing, as well as wastewater and water facilities. These improvements will benefit the Ukrainian population, including approximately 900,000 internally displaced persons.
EIB Vice-President Teresa Czerwińska, who is responsible for the Bank’s operations in Ukraine, said: “Ukraine, like most countries hurt by war, needs strong partnerships and resources, or else spillover effects become even more disruptive. A hundred hospitals, social housing units and educational facilities have already been renovated with our support and thanks to the incredible efforts and determination of the Ukrainian government, municipalities and construction workers. We are honoured to stand with them, providing the necessary financing for new life-changing projects, ensuring sustainable, energy-efficient and rapid recovery.”
European Commission Executive Vice-President for an Economy that Works for People Valdis Dombrovskis said: “We warmly welcome the EIB’s latest disbursements to Ukraine to carry out major repairs to damaged critical infrastructure. This is vital to ensure that the Ukrainian people continue to benefit from basic services such as housing, hospitals, and water facilities. Backed by an EU guarantee, they are another valuable contribution to financing Ukraine’s urgent requirements as its people come under relentless pressure from Russia’s brutal war machine.”
Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories, and Infrastructure Development Oleksandr Kubrakov said: “Even amidst the war, we continue to rebuild Ukraine, ensuring people receive treatment in modern hospitals and access to social housing, and providing education to children in safe schools and kindergartens, all while maintaining uninterrupted essential services. The steadfast support of the EU and its bank, the EIB, is vital in these efforts, making us stronger.”
Ukrainian Minister of Finance Sergii Marchenko said: “Amidst the challenges of full-scale war, the Government of Ukraine remains resolute in supporting our citizens, with the continued assistance from key partners – European Union and its bank, the EIB. Ongoing disbursements within the Ukraine Early Recovery and Ukraine Recovery Programmes underscore our shared commitment to prioritizing vital support for the people of Ukraine, fostering normalcy, and rebuilding life in Ukrainian municipalities.”
See also: 🔴 LIVE UPDATES | Humanitarian response to Ukraine crisis
