via Enlit
Summary
The European Investment Bank (EIB) has announced four projects worth €420 million ($433.4 million) in Ukraine to help restore critical infrastructure and services and ensure a stable energy supply to the country.
Nearly three full years since the start of Russia’s invasion of Ukraine, the package – part of the European Union’s €50 billion ($51.6 billion) Ukraine Facility – will be disbursed to new public-sector projects to restore and protect energy supplies, heating systems and other critical infrastructure that has been damaged.
The projects announced include:
- Ukraine Recovery III – €100 million ($103.2 million)
- Ukraine Water Recovery – €100 million
- Ukraine District Heating – €100 million channelled through Ukreximbank
- Support of Ukrhydroenergo Stability and Recovery – €120 million loan to the largest hydropower generating company in Ukraine to help to restore hydropower plants and reinforce the Ukrainian energy system.
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