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Ukraine Received the First Tranche of EUR 500 million From the EIB As Part of the Package of Urgent Assistance to Finance Infrastructure Restoration

On September 14, the first part of urgent assistance from the European Investment Bank (EIB) in the amount of EUR 500 million for financing the state-owned enterprises "Ukravtodor" and "Ukrzaliznytsia" was received.

These funds are part of the second package from the EIB in the amount of EUR 1.59 billion, developed in close cooperation with the European Commission. This financial assistance is guaranteed by the EU within the framework of the External Lending Mandate and complements the emergency financial support for Ukraine of EUR 668 million, which was provided to Ukraine by the EIB at the beginning of March 2022.

"We are grateful to the European Union and the EIB team for their solidarity with Ukraine. Your support is of great importance for the people of Ukraine, the economic stability and the overall stability of the country. The received first tranches from the package from the EIB in the amount of EUR 1.59 billion will help the country to restore the damaged critical infrastructure, including the network of roads and railways," said Minister of Finance of Ukraine Sergii Marchenko.

The first part of the second package from the EIB will be directed by the Government of Ukraine to ensure the urgent repairment of damaged roads, bridges and railway infrastructure to support the state enterprises "Ukravtodor" and "Ukrzaliznytsia".