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EIB-backed Ukraine Recovery Programme Kicks Off As Critical Infrastructure Projects Get Underway

Construction

Construction
The construction industry in Canada was a major bright spot for hiring in October 2022.

The allocation paves the way for Ukrainian cities to proceed with restoration efforts that include:

  • 155 projects under the Ukraine Recovery Program (URP), starting with an educational project in Vinnytsia where on-site construction is already underway
  • 66 projects under the Ukraine Early Recovery Program (UERP).

These initiatives, planned to be carried out in 2024-2025, aim to restore social infrastructure such as hospitals, housing, schools, water and waste facilities in liberated territories and areas close to the conflict zone, including the Kyiv, Odesa, Sumy, Kharkiv, Mykolaiv and Zaporizhzhia regions.

The Ukraine Early Recovery Program (UERP), with a funding of €200 million, and the Ukraine Recovery Program (URP), with a funding of €340 million, represent two loan agreements between the EIB and Ukraine signed in 2014 and 2020, respectively. These loan accords, supported by the EU grants, are designed to empower local authorities to renovate social infrastructure, thereby enhancing the living standards of internally displaced persons and their host communities. As of March 2024, UERP has successfully completed 97 projects, which include educational facilities, healthcare centers, and units of social housing, with an additional 66 projects planned for implementation in 2024-2025. URP has marked the commencement of its first project through the construction of an educational facility in Vinnytsia oblast, representing a pivotal move towards initiating 155 more social infrastructure projects over the course of 2024-2025. The Ministry for Communities, Territories and Infrastructure Development of Ukraine coordinates the programs together with the Ministry of Finance, while the reconstruction projects are fully managed by local government bodies. The United Nations Development Program (UNDP) in Ukraine provides technical assistance for the initiative, ensuring the effective and efficient implementation of projects.

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