European Investment Bank Allocates €55 Million for Ukraine's Vital Infrastructure Recovery
Key Highlights:
– €55 million in EU-backed funding will support 151 reconstruction projects in Ukrainian communities from 2025 onwards. These projects include schools, kindergartens, hospitals, social housing, heating systems, water supply, and other essential infrastructure.
– This funding forms part of the European Investment Bank’s (EIB) Ukraine Recovery Programme, supported by an EU guarantee.
– In 2024, several projects were successfully completed, including a sewer pressure collector in Zhmerynka, benefiting over 33,000 residents with improved sanitation and wastewater management.
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The European Investment Bank (EIB) has announced a €55-million disbursement under its Ukraine Recovery Programme, financed via EU-backed guarantees, to support the reconstruction of critical infrastructure across Ukraine. The initiative focuses on rebuilding schools, hospitals, heating and water systems, housing, and other essential facilities in 151 sub-projects across multiple regions, including Vinnytsia, Kyiv, Mykolaiv, Odesa, Poltava, and Cherkasy Oblasts.
This fund is part of the EIB’s broader €340-million Ukraine Recovery Programme, developed in collaboration with the European Commission under the Ukraine Solidarity Urgent Response package. The initiative underscores the EU’s steadfast commitment to aiding Ukraine amidst the ongoing challenges posed by war.
Successful Projects in 2024
Throughout 2024, several sub-projects were successfully completed under the recovery programme:
– Zhmerynka Sewer Pressure Collector: Completed on December 25, 2024, at a cost of €526,000, this project involved the reconstruction of a 2.64 km sewer pipeline using advanced materials and sensors. The facility is set to provide reliable wastewater transport for the next 50 years, benefiting over 33,000 residents, including 4,000 displaced persons.
– Water Supply Facility in Bucha, Kyiv Oblast: Improved access to clean water for war-affected areas.
– Two Renovated Schools in Vinnytsia Oblast: Opened in time for the new academic year.
– Upgraded Pediatric Infectious Disease Department in Zhytomyr Oblast: Boosting healthcare infrastructure for children in the region.
These projects showcase the tangible results of the Ukraine Recovery Programme, improving public health, sanitation, and living conditions for thousands of residents.
Implementation and Broader Goals
The Ukraine Recovery Programme is coordinated by Ukraine’s Ministry for Development of Communities and Territories in collaboration with the Ministry of Finance. Local authorities manage the sub-projects, with technical assistance provided by the United Nations Development Programme (UNDP). The €340-million EIB framework loan is complemented by up to €15 million in EU technical assistance grants to ensure swift and efficient implementation.
The programme aims to rebuild and modernize Ukraine’s social infrastructure while improving the quality of life for residents and internally displaced persons. With three multi-sectoral recovery programmes totaling €640 million, the EIB’s ongoing efforts demonstrate its commitment to Ukraine’s long-term resilience and development.
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Statements from Key Stakeholders
EIB Vice-President Teresa Czerwińska:
“Together with our EU partners, the European Investment Bank remains steadfast in supporting Ukraine’s recovery and rebuilding efforts. The €55 million disbursement will help communities restore essential services like schools, hospitals, and utilities. Despite the challenges of war, Ukraine’s resilience inspires us, and we are proud to be part of this journey.”
European Commissioner Valdis Dombrovskis:
“The EU’s unwavering support for Ukraine extends across political, financial, military, and humanitarian levels, including the reconstruction of small-scale community infrastructure. This €55-million disbursement exemplifies our commitment to rebuilding Ukraine’s critical services and fostering resilience in its communities.”
Deputy Prime Minister Oleksii Kuleba:
“The EU’s support is vital for rebuilding Ukraine’s infrastructure. This funding will help restore schools, hospitals, and utilities, significantly enhancing living conditions for millions of Ukrainians. Together, we are building a resilient future for Ukraine.”
Minister of Finance Sergii Marchenko:
“Rebuilding our infrastructure and economy is essential for Ukraine’s recovery. The EIB’s funding plays a crucial role in restoring vital infrastructure and improving the well-being of our people despite the ongoing challenges.”
UNDP Resident Representative Jaco Cilliers:
“At UNDP, we’re committed to fostering sustainable recovery by working closely with Ukrainian municipalities and the government. Through our partnership with the EIB, we aim to deliver resilient infrastructure that meets the real needs of the people, ensuring a brighter future for Ukraine.”
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Background on the EIB and Ukraine Recovery Programme
The European Investment Bank (EIB) is the EU’s long-term lending institution, owned by its Member States.
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