The Ukraine Investment Framework (UIF) has approved a new recovery package worth €1.5 billion aimed at revitalizing the country. This announcement was made on March 9 by Oleksiy Kuleba, the Deputy Prime Minister for Reconstruction and Minister for Community and Territorial Development.
According to Kuleba, €466.5 million of the total funding will be allocated to projects coordinated by the Ministry of Development. Key components of the package include:
- €106 million for the continuation of the “Solidarity Roads” project, focusing on logistics, repairs, and reconstruction of roadways;
- €123 million to expand the “Energy House” and “Restoration House” programs aimed at energy-efficient housing recovery;
- €26.5 million for the construction and repair of shelters in buildings undergoing restoration under municipal programs supported by the European Investment Bank (EIB);
- €132.5 million for the maintenance of railway infrastructure and the enhancement of rail connectivity;
- €68.5 million as the first tranche for modernizing border crossing points on the western frontier;
- €10 million for additional funding of existing projects.
Furthermore, Kuleba noted that an additional €100 million has been earmarked in a European Bank for Reconstruction and Development (EBRD) program for decentralizing heating and energy supply projects in direct collaboration with cities and businesses.
He emphasized that the funding combines EIB credit resources and EU grant support, which helps alleviate the financial burden on the national budget. As of February 23, the total estimated cost for Ukraine’s reconstruction stands at $588 billion, with $90.6 billion allocated specifically for the recovery and modernization of the energy sector over the next decade.
Ukraine has unveiled a €1.5 billion recovery package to support various reconstruction projects, including infrastructure and energy efficiency initiatives. This funding is part of broader efforts to address the country's extensive rebuilding needs, estimated at $588 billion.