EconomyInvestments

The EU and its European Investment Bank are investing €460 million to repair damaged infrastructure in Donetsk and Luhansk,

Wednesday, June 2, 2021

reports Jean-Erik de Zagon, the bank’s resident representation in Ukraine. A first tranche of €120 million will be used to repair 168 buildings – largely schools, kindergartens, libraries, culture houses, medical clinics and apartment buildings for internally displaced people. Building on the success of this ‘Ukraine Early Recovery Program,’ the EU and Bank recently agreed to a second €340 million loan, largely targeting Donetsk and Luhansk.

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