The EIB and the Ministry of Communities and Territories Development of Ukraine sign a cooperation agreement to facilitate the preparation of the country’s Public Buildings Energy Efficiency project.
The cooperation includes a €150 000 donation by the EPTATF.
The project, expected to be further financed by a €300 million EIB loan and by substantial grant contributions from the E5P and the EU, will increase energy efficiency in 1 000 buildings (mainly kindergartens, hospitals and schools), save more than 1 million tonnes of CO2 and benefit 2.5 million people. The EIB is in discussions with the E5P and the EU for further substantial grant contributions to this programme.
By including COVID-19 measures, the project will also improve the medium and long-term pandemic resilience of hospitals.
The European Investment Bank (EIB), the bank of the European Union, and the Ministry of Communities and Territories Development of Ukraine have concluded a cooperation agreement on advisory services to support the preparation of Ukraine’s Public Buildings Energy Efficiency project. The agreement was signed today ahead of the upcoming donor meeting of the Eastern Partnership Technical Assistance Trust Fund (EPTATF), which will provide €150 000 to support the implementation of this agreement.
The Ukraine Public Buildings Energy Efficiency project is expected to be further financed by an EIB loan of €300 million and by grant contributions from the E5P and the EU on top of the advisory services. It will address the main sectoral bottlenecks, namely the lack of long-term funds for small and medium-sized Ukrainian municipalities, as well as the lack of support throughout the entire energy efficiency sub-project cycle, including design review, procurement, contract administration, monitoring and supervision of construction, commissioning, testing and acceptance. Significant positive economic impacts can be achieved by scaling up investment and with substantial technical assistance support.
The project will increase energy efficiency in 1 000 buildings, mainly kindergartens, hospitals and schools. It will help save more than 1 million tonnes of CO2 and benefit 2.5 million people across the country. By including COVID-19 safety measures, the project will also improve the medium and long-term pandemic resilience of public buildings, and in particular of hospitals.
Jean-Eric de Zagon, Head of the EIB Representation in Ukraine commented: “The EPTATF grant from donor countries promotes close cooperation between the EIB and Ukraine on increasing the energy efficiency of public buildings in the country. As the EU’s climate bank, this is a priority. The project will improve the living conditions of Ukrainians, lead to significant energy savings with positive impacts on climate change, and reduce heating costs and Ukraine’s dependency on energy imports.”
Vasyl Lozinskyi, First Deputy Minister of Communities and Territories Development of Ukraine stated: “The Ministry of Communities and Territories Development of Ukraine and the EIBhave signed an agreement for the provision of a long-termlow-interest loan of€300million to implement the wide-scale thermal modernisation of public buildings. This modernisation will include the installation of advanced energy-efficient equipment, meters and control systems as well as the upgrade of heating, ventilation and lighting systems, etc.”
The Eastern Partnership Technical Assistance Trust Fund (EPTATF) is a multi-purpose and multi-sector funding instrument for specific technical support in the Eastern Partnership countries. It provides these countries with know-how and resources to improve capacity in project preparation and implementation, which facilitates the mobilisation of financing for EIB-supported investments. The EPTATF provides high added value because better project preparation increases the bankability of projects and improves the development impact of investments in the beneficiary countries.
The EIB and the Ministry of Communities and Territories Development of Ukraine signed a €300 million loan to improve the energy efficiency of some 1 000 public-owned buildings, including schools, cultural centres, kindergartens and hospitals. The loan was signed during the 22nd EU-Ukraine Summit to help the country limit the economic impact of COVID-19 by stimulating faster economic and social growth after the pandemic.
The European Investment Bank (EIB), the multi-donor fund E5P and the Ministry of Communities and Territories Development of Ukraine have concluded new agreements to further support the implementation of the Ukraine’s Public Buildings Energy Efficiency project (UPBEE). The cooperation signed today includes a €4 million grant from the multi-donor Eastern Europe Energy Efficiency and Environment Partnership (E5P) for technical assistance and investment grants, as well as €4 million technical assistance support from the EU Neighborhood Investment Platform (NIP). Another €1 million investment grant from the EU NIP will be signed in the coming weeks. These grants will facilitate the proper preparation and implementation of an earlier€300 million EIB framework loan aimed at increasing energy efficiency in 1 000 public buildings, including hospitals, schools, cultural centres, and kindergartens.
The EIB and the Government of Ukraine today signed three loans totalling €640 million to foster the sustainable growth of Ukraine and the prosperity of its people. The operations are in line with the priorities of the Government of Ukraine and the European Union to support the long-term social and economic development of eastern Ukraine and integration of the conflict-affected regions as well as the development of sustainable municipal transport and the modernisation of the transport infrastructure in the country.