The EU has allocated EUR 50 million for the rehabilitation of Ukraine’s critical infrastructure under the NEFCO action. The funds will be used to repair electricity, water, heat, sewage and waste management systems in de-occupied communities of Kyiv region.

The allocation of EUR 50 million in grant funds became possible thanks to an agreement between the European Union and NEFCO (the Nordic Green Bank) founded by the governments of Denmark, Finland, Iceland, Norway and Sweden.

“With partial recovery now, and reconstruction after the victory, we can achieve significant progress in implementing green technologies. And this is an important aspect for us, because compliance with environmental standards is part of the EU requirements for Ukraine within the framework of the integration course.

Over the past decade, NEFCO has been successfully cooperating with many Ukrainian communities, helping to implement energy efficiency and thermal modernization projects in buildings. The allocation of EUR 50 million for the rehabilitation of critical housing infrastructure is an opportunity for thousands of Ukrainians to return to their homes on the land liberated from the russian occupiers.

I thank our partners from the EU and NEFCO for their assistance. The preparation of the project and its implementation has already begun, and we expect substantial progress on works under the project by early 2023. We continue to work together to assess critical needs and find the best options to help solve them,” commented Oleksandr Kubrakov, Deputy Prime Minister for Reconstruction of Ukraine – Minister of Communities, Territories and Infrastructure Development.

The grants are allocated for the restoration of infrastructure in the following towns and villages: Irpin, Bucha, Velyka Dymerka, Hostomel, Dymer, Slavutych, Nemishayeve, Kalynivka, Dmytrivka, Ivankiv, Borodyanka, Piskivka and Borshchahivska hromada.

The funds were allocated to Ukraine under the NEFCO Green Recovery Programme for Ukraine, launched in July this year.

Earlier in December, the EU Council approved a EUR 18 billion loan to Ukraine for 2023. The funds will be used, in particular, to restore critical infrastructure and support sustainable post-war reconstruction.