Financing will help Ukraine restore municipal infrastructure, including heat and water supply systems.
The European Commission and the European Investment Bank (EIB) in Luxembourg will sign a warranty agreement for 1.95 billion euros. Its main goal is to provide support for investment programs within the Ukrainian Fund plot in the EU’s multiple -Year budgets for 2024 – 2027. This has been reported by the European Commission.
New guarantees are aimed at supporting major sectors, including investments in Ukraine’s energy networks, the development of hydrogen technologies and renewable energy sources, and increasing energy efficiency.
The projects in the framework of this program of guarantee will also cover activities to modernize the Ukrainian railroad, improve transportation, including “corridors of solidarity” and crossing border points in major export areas, and development of public transportation in the city.
Financing will help Ukraine restore municipal infrastructure, including heat and water supply systems, illumination of public institutions, including schools, hospitals and higher educational institutions.
All of these activities were determined by the priorities set by the Ukrainian government in the Ukrainian plan, which is a combined component of the Ukrainian Fund 50 billion euros in the EU’s long-term budget for 2024-2027.
As has already been written, Hungary blocked the EU draft document, provided for security guarantees for Ukraine and a new military assistance package.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.