Ukraine Signs €3.55 Billion in Recovery Deals at Rome Conference
Ukraine’s Ministry for Development of Communities and Territories has secured over €3.55 billion in investment commitments through agreements, memorandums, and joint statements signed during the Ukraine Recovery Conference (URC 2025) held in Rome.
The Gaze reports on this with reference to the Ministry for Development of Communities and Territories of Ukraine.
The funding will support critical infrastructure, housing reconstruction, cultural heritage restoration, and other key recovery efforts.
According to Deputy Prime Minister for Restoration and Minister for Communities and Territories Development Oleksii Kuleba, the conference became a platform to showcase tangible progress in Ukraine’s recovery and attract new investment tools through public-private partnerships.
“We received a clear message from our partners: they are ready to invest in Ukraine’s recovery. This is evidenced by the creation of the Recovery Coalition, the European Flagship Fund for Ukraine’s reconstruction, and the signing of numerous agreements totaling more than €3.5 billion,” he stated.
The Ministry concluded several major agreements worth over €370 million, including:
1. €100 million from the Council of Europe Development Bank to fund compensation for war-damaged housing through the eVidnovlennia program;
2. €32.5 million and €6 million from the Italian government to restore cultural heritage and irrigation systems in the Odesa region;
3. €134 million from the European Investment Bank for the rehabilitation of transport infrastructure;
4. An amendment to an existing agreement with the World Bank and IDA for an additional $116 million to restore energy and heating systems in cities like Mykolaiv, Kryvyi Rih, Kharkiv, Chernihiv, and others under the RePower initiative.
Six memorandums were also signed, including:
– €150 million in aid from Belgium’s Enabel development agency, which includes 212 generators, mobile and modular boiler systems for schools and utilities;
– A €20 million extension of the Swiss-supported DECIDE project for education reform and youth participation;
– A technical documentation agreement with the EBRD under the Road Sector Pipeline Initiative, potentially leading to a €2 billion road recovery program;
– A Polish-supported investment of up to €200 million for rebuilding the Yahodyn border checkpoint and road repairs near Lviv;
– A pilot project with Italian firm NPLUS SRL for bridge monitoring near Boryspil (€2 million);
– Donation of five primary radar systems from Leonardo S.p.A. and ENAV S.p.A. to restore Ukraine’s air traffic control infrastructure (valued at €7 million).
In addition to the agreements and memorandums, Ukrainian authorities announced several new financial commitments and joint declarations, amounting to a total of €232.7 million.
Among the key outcomes was an additional €100 million in support from the Italian Ministry of Foreign Affairs and the Council of Europe Development Bank to expand the eVidnovlennia program, which compensates Ukrainians for housing destroyed by the war.
A further €10.7 million, allocated through a joint initiative with the European Bank for Reconstruction and Development (EBRD), will be used to enhance the institutional capacity of Ukrainian authorities and improve the compensation mechanism’s efficiency.
Ukrainian Railways (Ukrzaliznytsia) also secured two grants from the EBRD. The first, valued at €44 million, will finance the creation of a decentralized gas-powered energy generation network to reduce the railway operator’s reliance on the national grid. The second, a €10 million grant, will improve the accessibility of train stations for people with disabilities, elderly passengers, parents with children, and other individuals with limited mobility.
Meanwhile, the Dutch government announced a €35.5 million grant to fund the construction of a municipal hospital in Zhytomyr, while Italy’s Steering Committee approved a €30 million loan for the reconstruction of Odesa’s Children’s Hospital, along with €2.5 million in technical assistance to purchase medical equipment.
To expand opportunities for communities across Ukraine, the Ministry also signed a memorandum with Italy’s Ministry of Foreign Affairs introducing an insurance mechanism that provides up to 100% coverage for export credit risks.
The framework allows for blended financing solutions combining concessional loans and grants, as well as the procurement of Italian goods and services for Ukraine’s recovery needs.
Read more on The Gaze: First Results of Ukraine Recovery Conference: 200 Deals Worth €10 Billion Ready for Signing