The EIB said on Thursday that the funding, supported by guarantees from the European Union's budget, would enhance municipal infrastructure and public transport in Ukrainian cities such as Kyiv, Odesa and Lviv.
"The funding includes EUR 22 million for acquiring sustainable buses and trams, and EUR 8.7 million for various key municipal developments, such as rehabilitating landfill sites, introducing energy efficiency in kindergartens and improving water and sewerage systems," the EIB said on its website.
It added that the support was "part of the EIB Ukraine Solidarity Urgent Response package, which has already provided Ukraine with EUR 1.7 billion since 2022."
EIB Vice-President Teresa Czerwińska, who is responsible for the bank’s operations in Ukraine, said: “Together with our EU partners, we are maintaining our support, ensuring that the resilience of Ukraine is matched with tangible and coordinated financial assistance."
Czerwińska, a former Polish finance minister, added that the EIB was working "to make a real, positive difference in Ukraine" amid Russia's invasion.
"We’re making sure vital services keep going, with the bigger picture of helping the economy get back on its feet," Czerwińska said, as cited by the EIB on its website.
"Every project, regardless of its size, is a step towards supporting the recovery of Ukraine," she declared.
The European Investment Bank is a European Union financial institution that provides long-term loans to the bloc's member states and international partners.
Russia invaded Ukraine on February 24, 2022, launching the largest military campaign in Europe since World War II.
Thursday is day 596 of Russia’s war on Ukraine.
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Source: ukrinform.net, eib.org