Ukraine and EU Sign €116.5 Million Agreements for Infrastructure and Energy Recovery

Ukraine and the European Investment Bank (EIB) have signed agreements to fund the restoration of energy infrastructure and other critical facilities, Prime Minister Denys Shmyhal announced on February 10.

Under the first agreement, the EIB is providing €16.5 million to restore critical infrastructure and enhance energy efficiency. The second agreement paves the way for €100 million in funding to rebuild water supply, heating, and wastewater systems, as well as to modernize key social services in education, healthcare, and housing.

The EIB’s overall project portfolio in Ukraine is one of its largest, comprising 25 projects worth €4.95 billion, spanning transport, social infrastructure, and energy sectors.

On February 10, EIB President Nadia Calviño arrived in Kyiv. Her visit follows a recent trip by Odile Renaud-Basso, President of the European Bank for Reconstruction and Development.

Previously, it was announced that Ukraine is aiming to restore approximately 3 GW of energy capacity in its thermal and hydropower sectors in 2025 as part of ongoing efforts to strengthen its energy infrastructure, according to Denys Shmyhal on January 24.

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