The European Investment Bank (EIB) disbursed EUR 500 million as the first tranche of the second Ukraine Solidarity Urgent Response financial package of EUR 1.59 billion on 14 September. The money will be used to support the State Road Service (Ukravtodor) and the Ukrainian Railways joint-stock company (Ukrzaliznytsia), as well as to finance urgent repairs of road, bridges, and railway infrastructure damaged by Russia’s military aggression.
The Ukrainian Ministry of Finance announced this in a statement, the CFTS portal reports.
These funds are part of the EIB's second Ukraine Solidarity Urgent Response package of EUR 1.59 billion that was developed in close cooperation with the European Commission. The EU guaranteed this financial assistance under the External Lending Mandate and complements the EUR 668 million in immediate financial support that the EIB provided to Ukraine in early March 2022.
"The first tranches of the EUR 1.59 billion EIB support package that were received will help the country repair critically important damaged infrastructure, including roads and railways," Ukraine’s Finance Minister Serhii Marchenko said.
