EIB FUNDS TO ENHANCE CROSS-BORDER CONNECTIVITY IN UKRAINE
On 1 April, the European Investment Bank (EIB) and the Ukrainian government signed an agreement to provide €50 million in financing to modernise key rail border crossings with Poland, Slovakia, Hungary, and Romania. The investment aims to improve freight operations and strengthen Ukraine’s role as a transport hub within the EU-Ukraine Solidarity Lanes initiative.
The project, co-funded through the Connecting Europe Facility (CEF) and supported by the EIB’s advisory services under JASPERS, includes critical upgrades such as track repairs, relocation of wagon inspections, and the reconstruction of an intermodal terminal. Additionally, new equipment, including gantry cranes, will be installed to enhance operational efficiency, increasing the speed and volume of freight crossing the borders.
This financing is part of the EIB’s broader €150 million commitment to upgrading Ukraine’s railway infrastructure. Since the start of Russia’s full-scale invasion, the EIB has provided €2.2 billion to support Ukraine’s resilience and recovery. Under the EU’s €50 billion Ukraine Facility for 2024–2027, the EIB plans to invest at least €2 billion more in urgent recovery and reconstruction projects aligned with Ukraine’s strategic priorities.
Source: European Investment Bank