Ministry of Economy: Ukraine and EIB sign agreement under JASPERS programme to accelerate implementation of investment projects

On 6 March in Luxembourg, during the EIB Group Forum, Ukraine and the EIB signed an agreement to engage experts under the JASPERS advisory programme to accelerate the implementation of public investment projects. The agreement was signed by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Teresa Czerwińska, EIB Vice-President in charge of the Bank’s operations in Ukraine. EIB President Nadia Calviño and European Commissioner for Enlargement Marta Kos were present at the signing, attesting to the importance of the agreement.

The EIB and Ukraine have signed an agreement to engage a team of experts to support the implementation of EIB investments in Ukraine under the Ukraine Facility. The experts will help prepare and implement critical projects faster. Initially, the focus will be on the energy, transport and social housing sectors, and later the experts will cover other areas, including public investment management (PIM) reform.

“Since the beginning of the full-scale invasion, Ukraine has faced unprecedented challenges in rebuilding its economy, infrastructure and energy sector. This reconstruction requires not only financial resources, but also technical expertise, strategic planning and high-quality project preparation. Thanks to JASPERS’ support, we have access to world-class expertise that will help us develop investment-attractive projects in key sectors of the economy. I am grateful to the European Investment Bank, the European Commission and the JASPERS team for their support,” said Yuliia Svyrydenko.

JASPERS consultants will help government agencies and communities develop and implement investment projects in line with EU standards. The initiative is part of the JASPERS advisory programme, which has been expanded to Ukraine. The programme is funded by the EIB and the European Commission, which have allocated EUR 20 million for advisory support to Ukraine’s economic development.

Background

JASPERS (Joint Assistance to Support Projects in European Regions) is an advisory programme of the European Investment Bank (EIB) and the European Commission that helps countries develop high-quality investment projects.

In Ukraine, JASPERS has been supporting transport infrastructure development since 2022, helping to develop a strategy for the integration of the Ukrainian and Moldovan railway systems into the EU, expanding border capacity to reduce waiting times, and advising on national transport strategies, including the creation of a European gauge railway connection between Lviv and the borders with Slovakia and Hungary, as well as between Lviv and the border with Romania.