The European Investment Bank (EIB) Group announced a new support package for Ukraine of more than EUR470 million at the Ukraine Recovery Conference (URC 2026) in Gdańsk, Poland, to strengthen private sector investment and critical infrastructure, including housing and roads, bridges and border infrastructure, the EIB press service told Interfax-Ukraine.
According to the report, most of the financing is provided in the form of EIB loans backed by European Union guarantees.
The main component is EUR80 million that the EIB will allocate to the European Flagship Fund for the Reconstruction of Ukraine, an EU-backed equity fund being developed together with the Commission and several member states, which is expected to mobilize more than EUR1 billion in public and private equity capital. This fund, managed by Amber Infrastructure and Dragon Capital, is an important step in attracting institutional and private investment for Ukraine’s reconstruction. It will invest in Ukrainian companies and strategic projects in the fields of renewable energy, transport, digital infrastructure, manufacturing and other sectors that contribute to reconstruction, innovation, economic growth and EU integration.
The package also includes a EUR100 million loan for Ukreximbank, as well as EU guarantees for PrivatBank and Ukrgasbank, aimed at unlocking around EUR500 million in financing for nearly 10,000 Ukrainian small and medium-sized enterprises (SMEs), supporting “green” investments, energy efficiency and businesses affected by Russia’s war or operating near conflict zones.
The support package also provides for financing of critical infrastructure through the Ministry of Communities and Territories Development of Ukraine. It includes an EIB loan of EUR50 million, supplemented by an EU grant of EUR50 million, for the construction of social housing in the cities of Kremenchuk, Kropyvnytskyi, Lviv, Mykolaiv and Zhytomyr. The financing is complemented by technical assistance to support the implementation of the program. The first stage is expected to deliver between 1,000 and 1,600 housing units and lay the groundwork for future social housing programs across the country. This will be followed by the “Energy Efficient Restoration of Multi-Apartment Buildings Program,” which is being finalized for implementation by the Energy Efficiency Fund of Ukraine.
An additional EUR25 million EU grant to the Ministry will accelerate the EIB’s EUR100 million “Restoring Ukraine’s Water Resources” initiative, which will help restore water supply and wastewater treatment systems across the country.
The new financing, which also includes a EUR96 million loan for the repair of roads, bridges and border infrastructure, is complemented by technical assistance to the Agency for Restoration of Ukraine. The investments will strengthen the EU’s “Solidarity Lanes,” facilitating trade with Ukraine and deepening economic ties with the EU.
The EIB, the European Commission (EC) and the Government of Ukraine signed a Memorandum of Understanding establishing the Security and Connectivity Initiative, which provides a framework for accelerating Ukraine’s connections with the EU. The goal is to define strategic priorities and direct future investment and advisory support into transport, energy and digital infrastructure, helping to ensure safe and efficient connections for the movement of goods, people, energy and data. The first action under the Initiative will be the preparation of a new “Western Ukraine Border Infrastructure” program to modernize border crossing points connecting Ukraine with the EU and Moldova.
In addition to financing, the support package includes new initiatives developed jointly with the EC, the Government of Ukraine and partner international financial institutions to strengthen reconstruction efforts. These include the “Security and Connectivity Initiative,” which will direct future investment and advisory support into transport, energy and digital infrastructure; the GROUND initiative (Governance Reform for the Operationalisation of Ukraine’s Reconstruction and Development) on improving project preparation and implementation; and a joint EIB and European Bank for Reconstruction and Development (EBRD) paper outlining priorities for energy resilience, recovery and Ukraine’s integration with the EU energy market.
The GROUND initiative was presented at the meeting of the Steering Committee of the Ukraine Donor Platform, held on the sidelines of the Ukraine Recovery Conference. The first phase of the initiative helped identify ways to strengthen Ukraine’s capacity to implement reconstruction projects more effectively. Key areas include improving government coordination, project implementation, delivery mechanisms and workforce development.
The EIB Group has been present in Ukraine since 2007. With these latest commitments, the EIB Group’s support for Ukraine has reached EUR4.5 billion since the start of Russia’s full-scale invasion in 2022.
