The EIB to allocate 840 million euros for Ukraine's recovery – Ministry of Reintegration
The funds will be used to implement priority infrastructure recovery projects
Ukrainian Vice Prime Minister for Reintegration Oleksandr Kubrakov and President of the European Investment Bank Werner Hoyer signed a memorandum at the conference in London to provide 840 million euros for infrastructure recovery projects.
This is reported by the Ministry of Reintegration.
It is noted that the funds will be used for the preparation, assessment, financing and implementation of projects for the restoration of municipal infrastructure, public buildings, water supply and sewage infrastructure, transport networks and public transport.
In addition, the ministry reports, the memorandum provides for the use of a special trust fund from the EIB and the financing of projects in Ukraine with the support of guarantees from the European Sustainable Development Fund. The EIB will also finance the development of digital transformation and strengthening of cyber security.
It is emphasized that the Ministry of Reintegration and the EIB will work on a package of technical and advisory assistance for Ukraine worth about 100 million euros.
Background. Mind earlier reported what to expect from the conference in London, dedicated to the recovery of Ukraine.
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