The European Commission and the European Investment Bank (EIB) in Luxembourg have concluded a guarantee agreement of 1.95 billion euros. Financing is aimed at supporting investment programs under the Ukrainian Fund, provided for by the EU long-term budget for 2024-2027. About it reports the website of the European Commission.
The funds received will help to implement infrastructure and energy projects, in particular:
- Energy safety: investment in the modernization of energy networks, development of hydrogen technologies and renewable energy sources, increase of energy efficiency.
- Transport infrastructure: renewal of Ukrainian railway, improvement of transport connections, development of "solidarity corridors" and modernization of border crossing points.
- Urban infrastructure: restoration of heat and water supply, modernization of public transport, improvement of lighting and conditions in hospitals, schools and educational institutions.
The Agreement is part of the Ukrainian Fund, which provides for a total financing of 50 billion euros for 2024-2027. All the projects are agreed with the priorities set out in the Ukrainian Plan of the Recovery approved by the Government of Ukraine.
This financial support will be an important step in the process of post -war restoration of Ukraine, ensuring the sustainability of critically important infrastructure and improving the quality of life of citizens.
