The European Investment Bank (EIB) Group has announced a €470 million financing package to accelerate Ukraine’s recovery by supporting housing, transport infrastructure, private sector development, and economic resilience. Unveiled at the Ukraine Recovery Conference in Gdańsk, Poland, the package combines loans, grants, guarantees, and strategic partnerships in collaboration with the European Commission and the Government of Ukraine.
A major component of the package is an €80 million EIB commitment to the European Flagship Fund for the Reconstruction of Ukraine, an EU-backed equity fund expected to mobilize more than €1 billion in public and private investment. The fund will finance projects in renewable energy, transport, digital infrastructure, manufacturing, and other sectors critical to Ukraine’s reconstruction and economic growth.
To strengthen the private sector, the EIB will also provide a €100 million loan to Ukreximbank, while EU-backed guarantees for PrivatBank and Ukrgasbank are expected to unlock approximately €500 million in financing for nearly 10,000 small and medium-sized enterprises (SMEs). The initiative prioritizes green investments, energy efficiency, businesses affected by the war, and enterprises led by women, veterans, and young entrepreneurs.
The package includes significant investments in public infrastructure, featuring a €50 million EIB loan complemented by a €50 million EU grant to construct social housing in Kremenchuk, Kropyvnytskyi, Lviv, Mykolaiv, and Zhytomyr. The first phase is expected to deliver 1,000 to 1,600 housing units for internally displaced people, returning Ukrainians, young adults, and vulnerable households. Additionally, a €25 million EU grant will support the modernization of Ukraine’s water supply and wastewater infrastructure under the Ukraine Water Recovery project.
To improve connectivity with the European Union, the EIB is providing a €96 million loan to repair roads, bridges, and border infrastructure. The investment will strengthen the EU’s Solidarity Lanes and facilitate trade while supporting the newly launched Security and Connectivity Initiative, which aims to guide future investments in transport, energy, and digital infrastructure connecting Ukraine with the EU and Moldova.
The package also includes new cooperation initiatives to strengthen Ukraine’s reconstruction capacity, including the GROUND (Governance Reform for the Operationalisation of Ukraine’s Reconstruction and Development) initiative and a joint EIB-European Bank for Reconstruction and Development (EBRD) roadmap for enhancing Ukraine’s energy resilience, accelerating reforms, attracting private investment, and advancing integration with the European energy market.
With these latest commitments, the EIB Group’s total support for Ukraine has reached €4.5 billion since the beginning of Russia’s full-scale invasion in 2022, reinforcing long-term efforts to rebuild infrastructure, strengthen businesses, improve public services, and support Ukraine’s future integration with the European Union.
