EIB President Reaffirms EU’s Commitment to Ukraine with €420 Million in Support for Infrastructure and Energy Projects

EIB President Reaffirms EU’s Commitment to Ukraine with €420 Million in Support for Infrastructure and Energy Projects

(IN BRIEF) EIB President Nadia Calviño led a delegation on her first visit outside the EU to Ukraine, reaffirming the EU’s long-term commitment to supporting the country’s recovery. The EIB announced €420 million in funding under the EU’s €50 billion Ukraine Facility to restore vital public infrastructure, including energy, water, and heating systems. The funding also supports the development of SMEs with a €100 million loan, and the deployment of the EU’s 112 emergency call system across Ukraine. Additionally, a €16.5 million grant for renewable energy projects and efforts to advance social housing were highlighted during the visit.

(PRESS RELEASE) LUXEMBOURG, 11-Feb-2025 — /EuropaWire/ — European Investment Bank (EIB) President Nadia Calviño has led the EIB delegation on her first official visit outside the European Union, traveling to Ukraine to meet top officials and discuss new financial initiatives. Calviño’s visit emphasizes the EU’s long-term commitment to supporting Ukraine’s recovery and rebuilding efforts. During this visit, the EIB announced several new projects under the EU’s €50 billion Ukraine Facility, including €420 million in investments to restore essential public infrastructure, such as energy supplies, heating systems, and water services, as well as to support housing for displaced people.

The financial support package also includes €100 million in loans and guarantees aimed at unlocking nearly €500 million in financing for small and medium-sized enterprises (SMEs), crucial to Ukraine’s economy. Additionally, a new €40 million EIB loan will assist in deploying the EU’s 112 emergency call system across Ukraine, enhancing public safety. A €16.5 million grant from the German Ministry for Economic Affairs and Climate Action has also been signed to fund renewable energy projects, ensuring energy resilience in public buildings.

The visit also focused on efforts to advance social housing, with the EIB supporting Ukraine’s government in drafting a new housing code. The financing aims to help reconstruct communities and provide essential infrastructure such as schools, hospitals, and social housing, while reducing the country’s reliance on centralized energy systems.

“This visit underscores the EU’s unwavering support for Ukraine’s recovery and long-term resilience,” said President Calviño. “We are committed to restoring vital infrastructure and ensuring energy security, while laying the groundwork for a greener, more sustainable future for Ukraine.”

Background information

EIB in Ukraine 

The EIB Group has been supporting Ukraine’s resilience, economy and efforts to rebuild since the very first day of Russia’s full-scale invasion. In 2024, we supported projects aimed at securing Ukraine’s energy supply, repairing critical infrastructure that has been damaged, and ensuring that essential services continue to be delivered across the country. This brings the total amount of aid we have disbursed since the start of the war to over €2.2 billion. This funding has played a crucial role in ensuring that vital services continue to be delivered to people in Ukraine. For example, this year we inaugurated the water supply facility in Bucha that was rebuilt, and which provides clean water to 9 000 residents. We also opened five new schools in Vinnytsia, Dnipropetrovsk, and Ternopil Oblasts, helped build a department for children’s infectious diseases at a hospital in Zhytomyr Oblast, and significantly improved sanitation through the upgraded sewerage collector in Vinnytsia Oblast. Furthermore, our investments have helped modernise street lighting in Dnipro, benefitted the reclamation of the Hrybovychi landfill in Lviv, and helped to upgrade water infrastructure in Mykolaiv. We have also strengthened Ukraine’s transport networks to ensure resilient and sustainable mobility for businesses and residents. With our support, cities such as Lviv, Kyiv, Mykolaiv, Ivano-Frankivsk, Odesa, and Sumy have purchased new buses, trolleybuses, and trams. In addition, we have funded the reconstruction of the M01 Kyiv-Chernihiv-Novi Yarylovychi section of road that had been damaged in the war. To enhance Ukraine’s energy resilience, we have launched the Energy Rescue Plan, securing €600 million in EU-backed financing, including €86 million to build anti-drone shelters to protect critical electricity transmission infrastructure. These measures are crucial to maintaining stable power supply across the country amid ongoing challenges. In 2024, we signed over €250 million in new investment for projects to further enhance social infrastructure and support businesses that are the backbone of Ukraine’s economy.

The EU for Ukraine Fund (EU4U) was established in 2023 as part of a larger EU for Ukraine initiative. The fund aims to accelerate EIB Global’s support for Ukraine’s most urgent infrastructure needs and help sustain its economy. The Fund supports both public and private sector projects to rebuild critical municipal infrastructure and improve access to finance for entrepreneurs.

The International Climate Initiative (IKI) Fund was established in 2019 in partnership with the government of Germany, with the aim of catalysing investment for ambitious climate change mitigation and adaptation projects in developing and emerging countries. The IKI Fund seeks to do this by providing investment grants, financial instruments and technical assistance to public and private sector beneficiaries, as well as advisory services to central banks and financial institutions.

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SOURCE: European Investment Bank