The European Investment Bank (EIB) will allocate EUR 450 million to Ukraine for two recovery projects, with the first two tranches of EUR 100 million each to be approved by the end of 2023, the press service of the Ministry of Recovery reports.
The funds, with a total budget of EUR450 million, are reportedly allocated to two projects – Ukraine Recovery III FL and Ukraine Water Recovery FL.
Ukraine Recovery III FL (EUR250 million, first tranche – EUR100 million): aims to finance critical social and urban infrastructure. This includes the restoration of infrastructure damaged as a result of Russian aggression and the construction of new basic infrastructure to ensure decent living conditions for displaced persons and host communities;
Ukraine Water Recovery FL (EUR 200 million, first tranche – EUR 100 million): aims to finance investments in critical water infrastructure in areas directly affected by the war or where a significant number of IDPs live. This includes the restoration of water supply and sewerage, including measures to overcome the consequences of the destruction of the Kakhovka dam.
Funds from the European Investment Bank (EIB) are allocated as part of cooperation with Ukraine, the principles of which are laid down in the Memorandum of Understanding signed on June 21, 2023 in London at the URC 2023 conference. The Memorandum provides for the allocation of a total of about EUR 840 million in loans for the implementation of infrastructure rehabilitation projects in Ukraine.
Subject to final approval by the EIB Board of Directors and the EU4U Donor Committee, the first tranches of EUR 100 million will be signed by the end of this year.
The European Investment Bank (EIB) is considering providing Ukraine with EUR220 million for infrastructure restoration, including road and bridge repairs, the State Agency for Infrastructure Restoration and Development of Ukraine has reported.
According to a Facebook post on Wednesday, the possibility of financing reconstruction projects and the progress of their implementation were discussed with EIB representatives by the agency’s head Mustafa Nayyem and head of the project management team Vadym Nozdria.
As a reminder, in June 2023, the EIB allocated EUR 50 million of EU grant funds under the NIP platform for modular bridges for the regions of Ukraine most affected by the Russian invasion.
The Interdepartmental Commission for the distribution of the first tranche of the European Investment Bank (EIB) funds recommends to allocate UAH 1.5 billion for the implementation of 140 reconstruction projects in the regions of Ukraine, the press service of the Ministry of Development of Communities, Territories and Infrastructure (Ministry of Restoration) reported.
According to the report, it is about the balance of funds received in 2022 from the EIB in the state budget and which will be directed to new budgetary programs by the decision of the government.
At a meeting on August 28, the commission considered proposals to finance 165 projects for UAH 1.9 billion and agreed on the allocation of funds for 140 eligible projects.
Thus, 49 projects for the development of project documentation were selected, 27 – rehabilitation of health care facilities, 19 – educational institutions, 16 – civil defense facilities, eight – water supply and drainage facilities, two – heat supply.
The leaders in the number of agreed projects were Chernihiv (40 projects), Kherson (14), Donetsk (16), Zaporizhzhya and Mykolayiv regions (9 each).
As reported, in June 2023, the Cabinet of Ministers of Ukraine adopted a resolution on the Procedure and Conditions for Distribution of EIB funds in the amount of UAH 4.4 billion. According to this decision, the Ministry of Rehabilitation is determined as the main administrator of funds and responsible executor of subventions from the state budget to local budgets. Priority is given to those regions that suffered the most as a result of the armed aggression or experienced the greatest burden due to a significant influx of internally displaced persons.
The municipal enterprise of urban electric transport Zaporozhelektrotorans has announced two tenders for the purchase of new low-floor trolleybuses and electric buses within the framework of the project “Urban Public Transport of Ukraine” financed with funds from the European Investment Bank (EIB), according to the August 4 EU Official Gazette announcement made public in ProZorro on Monday.
The first tender with an estimated value of EUR4.03 million excluding VAT (including EUR3.03 million EU Neighborhood Investment Platform (NIP) grant) involves the purchase of fully low-floor trolleybuses 11.9 – 12.7 m long with dynamic charging from the catenary network, equipped with a battery for autonomous running. The contract amount includes equipment and tools for maintenance, a set of spare parts, and related services.
Passenger capacity of the trolleybus is at least 100 people, including 30 (+/-10%) seated. Folding seats are not allowed, but there must be one seat for a passenger in a wheelchair and four for passengers with low mobility.
Bids are scheduled to be opened on September 19, 2023, with the arrival date of the first shipment no later than eight months from the date of receipt of the advance payment, for a total contract period of 11 months.
According to experts’ estimates, 14-16 trolleybuses can be purchased for this amount.
The second tender for an estimated contract amount of EUR9.84 million of EIB funds involves the purchase of two-axle low-floor electric buses with a length of 12.5 meters (+/-0.5 meters), including charging stations.
The expected passenger capacity is at least 105 people, including 30 (+/- 10%) seating places. The cabin must have one seat for a passenger in a wheelchair, seats for passengers with low mobility, and a seat for a guide dog.
The contract period is 12 months and the first shipment must be delivered no later than 9 months from the date of receipt of the advance payment.
Disclosure of bids is scheduled for September 20.
Price is not the only criterion for awarding these contracts, but all criteria are specified in the procurement documents only.
The European Investment Bank (EIB) and the EU member states are allocating more than EUR 400 million for the restoration of Ukraine, Prime Minister of Ukraine Denys Shmyhal said on Thursday evening.
“The EIB and EU Member States are providing over EUR 400 million for the reconstruction of Ukraine. This will help fund the most urgent reconstruction projects for Ukrainians, including critical infrastructure. Grateful to the partners for the quick and timely assistance!” he said on Twitter.
EIB, EU, RESTORATION
Ukraine Recovery Vice Prime Minister Oleksandr Kubrakov and President of the European Investment Bank (EIB) Werner Hoyer signed a Memorandum of Understanding on cooperation in Ukraine recovery projects envisaging allocation of EUR 840 million in 2023.
According to the press service of the Ministry of Community Development, Territories and Infrastructure, the memorandum, signed during the Ukraine Recovery Conference 2023 (London, June 21-22), provides for the allocation of EUR840 million for the implementation in 2023 of priority projects to restore the infrastructure of Ukraine.
Kubrakov reminded that since the beginning of Russia’s full-scale invasion, the European Investment Bank has allocated EUR 1.7 billion in emergency aid to Ukraine. This money was used for the needs of the state budget and supported the economy of Ukraine.
“Today we are expanding our cooperation on the reconstruction of Ukraine. We will work together on a number of projects aimed at restoring municipal and transport infrastructure, improving energy efficiency, etc. We appreciate the support the Bank has already provided to Ukrainians, and we thank EIB President Werner Hoyer for his cooperation and the Bank’s critical role for Ukraine’s sustainability during the war,” Kubrakov said.
It is noted that EUR840 million, envisaged by the Memorandum, will be used for preparation, evaluation, financing and implementation of projects on reconstruction of municipal infrastructure (schools, hospitals, etc.); public buildings with consideration of energy efficiency; water supply and sewage infrastructure; transport networks and public transport.
The EIB will also finance the development of digital transformation and the strengthening of cybersecurity.
In addition, the Memorandum provides for the cooperation of Ukraine and the EIB on the use of a special trust fund from the EIB – EU for Ukraine Fund and lending projects in Ukraine with the support of the European Fund for Sustainable Development Plus (EFSD +) guarantees.
The Ministry of Reconstruction and the EIB will work on the implementation and application of a package of technical and consulting assistance for Ukraine worth about EUR100 million.
The European Investment Bank is one of the largest creditors of Ukraine. To date, the EIB’s portfolio of projects with the Ukrainian public and municipal sectors and businesses reaches more than EUR 7 billion.
