Investment will help the reconstruction of Ukraine (Photo: AdobeStock)

Investments will focus on strengthening Ukraine鈥檚 energy networks, including energy grids, expanding hydropower and renewable energy production, and improving energy efficiency. Additionally, the funding will be used to modernise railways, enhance urban public transport, and upgrade transport connectivity, particularly in the EU-Ukraine Solidarity Lanes and border crossing points along key export routes.

To further support the implementation of EIB investments under the Ukraine Facility, the EIB and the government of Ukraine have signed an agreement to deploy a team of advisory experts in Kyiv.

The Ukraine Facility is the European Union鈥檚 financial assistance program for Ukraine.

President of the EIB, Nadia Calvi帽o, said, 鈥淯kraine鈥檚 security is the European Union鈥檚 security. We stand by the country. Today, we express that commitment once again with the signature of agreements with the European Commission and the Ukrainian government to step up our support. This will allow us to make crucial investments in the recovery of Ukraine鈥檚 critical infrastructure and key public services, reinforcing the country鈥檚 resilience and its path towards integration into the European Union.鈥�

鈥淯kraine鈥檚 recovery and reconstruction are at the heart of the Team Europe approach, and we are working together to ensure that vital investments reach the areas where they are needed most in Ukraine. This is not just about today. We are helping Ukraine build back better and lay the foundations for a stronger, more sustainable future within the EU,鈥� added EIB Vice-President Teresa Czerwi艅ska, who oversees the Bank鈥檚 operations in Ukraine.