Public infrastructure is the most important area of EIB lending in Ukraine. Our projects link the country to the global economy, helping to create the conditions necessary for growth and stability.
Creating a modern transport system supportive of local mobility and better connectivity with the EU enables sustainable economic growth. In 2019, we provided a framework loan of €450 million to finance the construction of Lviv Northern bypass and the rehabilitation of sections of M-05 in the Cherkasy, Kirovohrad, Mykolaiv and Odessa regions. We have also recently financed urban road safety projects, creating safer zones for pedestrians and cycling paths.
By investing in the modernisation, innovation and expansion of production and storage capacities as well as the construction of renewable energy power plants based on biomass, the EIB contributes to stabilising farmers’ revenues, creating jobs, and increasing the production of renewable energy.
Furthermore, the EIB has committed €200 million through the Early Recovery Programme to support infrastructure rehabilitation projects, such as the renovation of hospitals, which will improve the lives of thousands of local residents.
Supporting the private sector is also important for the EIB. The EIB supports the development of small and medium-sized enterprises (SMEs) through credit lines designed to address the scarcity of long-term funding via our local financial partners. Since the start of our activities in Ukraine, we have committed more than €1.9 billion to support SMEs and mid-caps.
At a glance
The EIB provides finance and expertise for sound and sustainable investment projects in Ukraine.
More than 30,000 people live in Kreminna, Ukraine, including many displaced persons. Recently it has become very difficult for the local hospital to cope with the demand. Much of the building is in disrepair and in need of urgent rehabilitation. UNDP & EID are now working together to address that.