The European Bank for Reconstruction and Development (EBRD) will provide EUR140 million to support municipalities in Ukraine, EBRD Vice President for Policy and Partnerships Mark Bowman said.
“We need to support Ukraine, in particular the environmental infrastructure during the war and lay a strong foundation for its green recovery. This is a really important part of Ukraine’s European integration. I was very surprised by the super commitments that Ukraine has made on its way to the EU,” he said on the sidelines of the Ukraine Recovery Conference in Berlin on Tuesday.
Bowman recalled that the EBRD has been supporting Ukraine since the beginning of the full-scale war and has invested more than EUR4 billion in support of Ukraine. In addition, investments in energy efficiency projects, water supply, water drainage, public transportation in Ukraine continue to receive about EUR160 million.
“We are ready to provide additional funding of EUR140 mln to support municipalities that face serious problems and are in a difficult situation. They need to cope with the devastation. These difficulties are big,” the EBRD representative emphasized.
Bowman also recalled that the EBRD has developed the Green Cities program. This project started in 2016 and seven Ukrainian cities joined it. They continue to work even in conditions of war. In particular, two participants of this program have introduced war plans and continue to implement them.
In addition, the EBRD this week announced a EUR55 million investment in a joint venture with Goldback Solar Investment to build and operate new renewable energy facilities, predominantly solar, on 522 MHz.
