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News

08 July 2020

The European Investment Bank (EIB) may allocate EUR 340 million to Ukraine under the Recovery Program




The European Investment Bank (EIB) may allocate EUR 340 million to Ukraine under the Recovery Program, according to information on the bank's website.

According to the report, funding should be used for building, renovating and improving public buildings, including office buildings, schools, medical centers and hospitals, public roads and bridges, as well as for supplying utilities.

The program is particularly focused on facilities of Ukrainian controlled areas in Donetsk and Luhansk regions, as well as four adjacent regions of Kharkiv, Dnipropetrovsk, Zaporizhia and Kherson and city councils in another regions to allow them to cope with the influx of internally displaced persons.

According to the report, the financing is expected to be provided for such sectors as water supply, energy, urban planning and transport. Such measures are provided by the EIB in terms of Special Action Plan for Ukraine, intended for three years with a total financing of EUR 3 billion.

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