Ukraine, EIB ink €116.5M deal to restore energy and infrastructure

Ukraine and the European Investment Bank (EIB) have signed agreements to finance the restoration of energy and critical infrastructure, Denys Shmyhal, Prime Minister of Ukraine, said on Monday, Report informs via Ukrainska Pravda.

The signing took place during a meeting between Shmyhal and EIB President Nadia Calviño.

Under the first agreement, the EIB is providing €16.5 million to restore critical infrastructure and implement energy efficiency.

The second agreement paves the way for €100 million to be made available for the reconstruction of water and heat supply and wastewater facilities, as well as for the modernization of basic social services in the education, health and housing sectors.

The EIB's project portfolio in Ukraine is one of the largest in total, comprising 25 projects worth €4.95 billion. These are projects in transport, social infrastructure and energy.