The EBRD, EIB, and Dragon Capital prepare to launch a €350M infrastructure fund for Ukraine.

The EBRD and the EIB have announced plans to invest €60M and €40M, respectively, in a new infrastructure fund, Amber Dragon Ukraine Infrastructure Fund I. The fund aims to reach a total of €350M and will focus on supporting infrastructure projects in Ukraine, mainly in renewable energy, sustainable transportation, and digital infrastructure.

The EBRD will serve as an anchor investor, which is expected to help attract additional institutional investors and increase financing for sustainable infrastructure solutions in Ukraine. The fund was initiated by a British company, Amber Fund Management Ltd, with over 15 years of experience managing international infrastructure investments. The process also involves the leading Ukrainian investment firm Dragon Capital, which will provide local expertise and institutional support.

The EBRD’s participation will be considered by the bank’s board of directors on September 24, while the EIB is currently in the project appraisal stage.