European Investment Bank provides Ukraine with 300 million euros: where will the money go
Kyiv • UNN
The European Investment Bank is providing Ukraine with 300 million euros to rebuild energy and critical infrastructure. The funds will go to centralized heating, water supply and modernization of social services.
The European Investment Bank provides Ukraine with 300 million euros for the restoration of energy and critical infrastructure. This was announced by the Prime Minister of Ukraine Denys Shmyhal, UNN writes.
Details
The head of government explained that the relevant agreements were signed in Brussels during a meeting with EIB President Nadia Calviño.
The Prime Minister also explained that the bank will provide EUR 100 million for investments in district heating, energy efficiency improvements and the purchase of necessary equipment. In particular, installations for the production of electricity or heat will be purchased.
In addition, EUR 100 million will be allocated to projects aimed at improving water supply and sanitation.
We will receive EUR 100 million for the restoration of water and heat supply and sanitation facilities, as well as for the modernisation of basic social services in the fields of education, healthcare and housing
Shmyhal said that during the meeting he discussed with Nadia Calviño the implementation of joint projects and the launch of new ones. In particular, it concerns the field of transport, social infrastructure, energy efficiency and energy.
Since the beginning of Russia's full-scale invasion, the EIB has mobilised more than EUR 2 billion in emergency funding. We are grateful to the bank for its active support of Ukraine and for its contribution to our resilience
Addition
Deputy Ministers of Energy of Ukraine Roman Andarak and Mykola Kolisnyk held a meeting with representatives of the European Investment Bank. The delegation was headed by Andrew McDowell, Director General of the EIB's Global Directorate.
During the negotiations, the parties discussed in detail the priority challenges facing the Ukrainian energy sector. Both the general needs of the industry and specific aspects of the functioning of state-owned enterprises were discussed.