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EIB announces €100 million in new loans to rebuild Ukrainian infrastructure hit by Russian shelling

EIB headquarters in Luxembourg. (Photo by EIB)

The European Investment Bank (EIB) has announced the disbursement of €99.6 million in loans for the reconstruction of Ukrainian hospitals, water facilities and other infrastructure damaged by Russian shelling.

The loans, to come in tranches of €60 million and €39.6 million, are earmarked for almost 200 small municipal and social infrastructure projects in Ukrainian regions, or oblasts, including Chernihiv, Dnipropetrovsk, Kharkiv, Kyiv, Mykolaiv, Odesa, Sumy, Volyn and Zhytomyr, the EIB said.

"The funding will prioritise major repairs, reconstruction and some new construction of hospitals, public buildings and social housing, as well as wastewater and water facilities," the lender said. "These improvements will benefit the Ukrainian population, including approximately 900,000 internally displaced persons."

The funding, which will be disbursed when the Ukrainian government requests it, is guaranteed by the European Commission via the European Fund for Sustainable Investment Plus (EFSD+), the commission said.

Since the full-scale Russian invasion of Ukraine in February of 2022, the EIB has announced  €1.7 billion of financing for emergency infrastructure repairs in Ukraine, as well as a €4 billion credit line to help integrate Ukrainian refugees in EU countries.

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