On March 6, in Luxembourg, during the European Investment Bank (EIB) Group forum, Ukraine and the EIB signed an agreement to engage experts under the JASPERS advisory program to accelerate the implementation of state investment projects. The agreement was signed by Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, and EIB Vice President Teresa Chervinska, who oversees the Bank's operations in Ukraine. EIB President Nadia Calviño and European Commissioner for Enlargement, Olivér Várhelyi, were present at the signing, underscoring its significance.
The EIB and Ukraine have signed an agreement to engage a team of experts to support the implementation of EIB investments for Ukraine under the Ukraine Facility mechanism. The experts will assist in the faster preparation and execution of critical projects, initially focusing on energy, transport, and social housing sectors, with future attention on other areas, including public investment management (PIM) reform.
Since the start of the full-scale invasion, Ukraine has faced unprecedented challenges in rebuilding its economy, infrastructure, and energy sector. This reconstruction requires not only financial resources but also technical expertise, strategic planning, and high-quality project preparation. With the support of JASPERS, Ukraine gains access to world-class expertise, which will assist in developing investment-attractive projects in key sectors. Yulia Svyrydenko expressed her gratitude for the support from the European Investment Bank, European Commission, and the JASPERS team.
JASPERS consultants will help government agencies and communities develop and implement investment projects in line with EU standards. This initiative is part of the expanded JASPERS advisory program, funded by the EIB and European Commission, who have allocated €20 million for advisory support for Ukraine's economic development.
Note:
JASPERS (Joint Assistance to Support Projects in European Regions) is a consulting program of the European Investment Bank and European Commission, helping countries develop quality investment projects. Since 2022, JASPERS has supported the development of Ukraine's transport infrastructure, assisting in the integration strategy of Ukrainian and Moldovan railways into the EU, expanding border capacity to reduce waiting times, and providing advice on national transport strategies, including the creation of European-gauge rail connections between Lviv and the borders with Slovakia, Hungary, and Romania.
