Ukraine Secures Additional €46.1 Million EIB Loan to Boost Urban Development Projects
Ukraine has received a new €46.1 million loan tranche from the European Investment Bank (EIB) to support urban renewal and infrastructure modernization across the country.
The Gaze reports this, referring to a statement made by the Ministry of Finance of Ukraine.
According to the ministry, the financing was provided under four key projects aimed at improving municipal services and sustainability.
These include the Municipal Infrastructure Development Program (€13.3 million), Urban Public Transport of Ukraine (€13.3 million), Urban Public Transport of Ukraine II (€14.7 million), and Energy Efficiency in Public Buildings in Ukraine (€4.8 million).
The latest disbursement will fund projects such as the reconstruction of water supply and sewage systems, the reclamation of the Hrybovychi landfill near Lviv, the modernization of public buildings for energy efficiency, and the purchase of new public transport vehicles for major Ukrainian cities including Kyiv, Lviv, Mykolaiv, Zaporizhzhia, Dnipro, Uzhhorod, Ternopil, Kamianske, and Kremenchuk.
In total, the EIB has already allocated more than €168 million to advance these projects, with €121.1 million directed specifically toward upgrading public transport fleets across Ukraine.
The financing comes under the Ukraine Facility – a European Union initiative that enables funding under the guarantees of the European Commission. Deputy Finance Minister Olha Zykova emphasized that this support is vital at a time when Ukraine channels nearly all domestic resources toward defense and security needs.
“This assistance is critically important, especially when the government must prioritize funding for the security and defense sector,” Zykova said.
The EIB’s loan portfolio in Ukraine currently encompasses 27 projects worth €4.7 billion, focusing on rebuilding essential infrastructure such as roads, railways, bridges, power facilities, hospitals, and other public assets damaged by Russia’s full-scale invasion. Beyond immediate reconstruction, the EIB also supports long-term resilience and recovery programs.
As The Gaze reported earlier, the EU and International Labour Organization (ILO) launched a large-scale initiative to modernize the Ukrainian labor market and support Ukraine's path to the EU.