The European Commission and the European Investment Bank (EIB) in Luxembourg will sign a guarantee agreement for €1.95 billion, primarily aimed at supporting investment programmes under the Ukrainian Fund in the EU's multiannual budget for 2024-2027.
According to the European Commission’s website,
"Marta Kos, Commissioner for Enlargement, will be in Luxembourg tomorrow for the signing ceremony of a new €1.95 billion guarantee agreement with the European Investment Bank (EIB) in support to Ukraine. Under the Investment Framework of the Ukraine Facility, this additional guarantee aims to support loans and unlock the potential of private investments, with a specific focus on urgent recovery and reconstruction efforts in Ukraine," the statement says.
The new guarantees will be directed to key sectors, including investments in Ukraine’s energy networks, the development of hydrogen technologies and renewable energy, and improving energy efficiency. Projects under this guarantee programme will also cover the modernization of the Ukrainian railway, improving transport connectivity, including "solidarity corridors" and border crossing points on key export routes, and the development of urban public transport.
Additionally, this financing will help Ukraine restore municipal infrastructure, including heating and water supply systems, public lighting in public institutions such as schools, hospitals, and universities.
All of these tasks were outlined in the priorities set by the Ukrainian government in the Ukrainian Plan, which is an integral part of the €50 billion Ukrainian Fund in the EU's multiannual budget for 2024-2027.
To support investment programmes under the Ukrainian Fund, the EIB and the Ukrainian government also signed an agreement to deploy an advisory team of experts in Kyiv to assist in preparing and implementing key projects.
More information on the Ukraine Facility is available online
