EU to fund €2bn infrastructure programme to support Ukraine economy ...Middle East

The European Investment Bank (EIB) is to provide €2bn for recovery and reconstruction projects in Ukraine, including energy, transport, housing, water and heating. The work is intended to sustain essential services and support the country’s economy.

The scope of work also includes social infrastructure such as schools, hospitals and higher education institutions.

Railways, urban public transport and transport connectivity will be modernised, as will the EU–Ukraine “solidarity lanes”. These were brought in by the European Commission to secure Ukraine’s trade. Energy grids will be expanded using hydropower and renewable energy.

The €2bn programme is part of the EU‘s €50bn, 2024-27 Ukraine Facility project, which aims to rebuild the country and integrate it in the EU.

Marta Kos, the European commissioner for enlargement, said: “This guarantee agreement with the EIB underscores the EU’s role in supporting Ukraine as it faces the fourth year of Russia’s brutal war of aggression.

“We will stand by Ukraine for as long as necessary and with the intensity required.”

Subscribe here to get stories about construction around the world in your inbox three times a week

Further Reading:

EU bank to create €100bn fund for Ukrainian reconstruction EU lends Ukraine €450m for road schemes for better access to ports and rest of Europe EU puts up $75m to improve rail link with Ukraine

EU to fund €2bn infrastructure programme to support Ukraine economy Global Construction Review.

Read More Details
Finally We wish PressBee provided you with enough information of ( EU to fund €2bn infrastructure programme to support Ukraine economy )

Also on site :

• VUZ gets $12M for its immersive video experiences across emerging markets and the U.S.
• 'Sister Wives' Kody Brown Digs Son Garrison's Grave in Heart Wrenching Gesture: 'Last Ode to My Boy'
• Stacy London, 55, Swears By This Overnight Product for Skin That Feels Like a 'Baby's Tushy'