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EIB soon to release €200 million in loans to fix Ukrainian water, energy infrastructure damaged by war

Photo by mrjn Photography / Unsplash

The European Investment Bank (EIB) will release €200 million in loans meant to help the country repair local energy, water and transportation infrastructure either directly damaged by the war or overstressed by the large numbers of people who fled to safer areas of the country, the government said.

The loans, including €100 million for water and sewage infrastructure and €100 million for "critical social and municipal infrastructure," will likely "be approved in the near future, tentatively by the end of 2023," the Ukrainian Ministry of Communities, Territories and Infrastructure Development said.

The loans for water and sewage infrastructure are part of a €200 million framework loan package to ensure clean drinking water and sanitation at the local level, primarily in communities that took in large numbers of people fleeing the fighting or that were affected by the destruction of the Kakhovka dam in June.

Purchases under that framework loan will include pumping stations and plants, water supply and distribution systems, water and wastewater treatment facilities, sludge processing facilities, water and sewerage house connections, and other items, according to the EIB.

The other 100 million euros comes as a first tranche from the EIB's €250 million euro Ukraine Recovery III framework loan, which is meant to cover housing, education, health, local transportation and other areas.

The money is meant to pay for goods and services to repair or expand the energy, water, local transportation and construction sectors, primarily in municipalities struggling with large numbers of internally displaced people.

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