European Investment Bank, in cooperation with the Commission, starts disbursing €1.59 billion package to aid Ukraine
date: 22/09/2022
The disbursed financing of €500 million will help the Ukrainian government cover priority short-term financing needs, ensuring urgent repairs can be made to damaged roads, bridges and railway infrastructure. It will also support strategic state-owned companies — Ukravtodor, Ukraine's roads agency, and Ukraine rail company Ukrzaliznytsya. Repairs of the train network, roads and bridges will help Ukraine keep people, goods and grain moving. With Ukraine being one of the biggest exporters of grain in the world, these vital interventions will help its economy recover and improve connectivity with the EU. The €1.59 billion package consists of two blocks of interventions: €1.05 billion in immediate assistance and €540 million for resuming EIB-financed projects in Ukraine through which the EIB continues its support to Ukraine by funding its existing projects as they progress.