(AGENPARL) – mar 25 ottobre 2022 PRESS RELEASE
2022-415-EN
Berlin, 25 October 2022
EIB and UNDP expand partnership to help Ukraine rebuild sustainable and energy-efficient public buildings
The EIB and UNDP have signed a €2 million agreement funded by the multi-donor E5P Fund to assist Ukrainian cities in implementing a €300 million EIB energy efficiency framework loan.
This assistance — carried out by UNDP — will contribute to improving the energy efficiency of public buildings, repairing war damage and adapting buildings to host internally displaced people.
This agreement signed in Berlin during the International Expert Conference on the Recovery, Reconstruction and Modernisation of Ukraine paves the way for further cooperation to scale up the reconstruction of Ukraine.
The partnership aims to save energy against the backdrop of a gas and electricity shortage following an unprecedented series of Russian attacks on the country’s energy infrastructure.
The European Investment Bank (EIB) and the United Nations Development Programme (UNDP) have signed a €2 million agreement funded by E5P under which UNDP will support selected Ukrainian cities in benefiting from EIB’s Ukraine Public Buildings Energy Efficiency (UPBEE) Programme, a €300 million EIB framework loan with Ukraine aimed at financing thermal renovations of public buildings as well as war damage repairs and adaptations to buildings to ensure they better suit the needs of internally displaced people and hosting communities.
The agreement signed today for UNDP advisory support is funded by a €2 million grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P). The E5P Fund for Ukraine stands at €175 million provided by the European Union, as the largest contributor, Denmark, Estonia, Finland, Germany, Iceland, Ireland, Latvia, Lithuania, Norway, Poland, Slovakia, Sweden, Switzerland, Ukraine and the United States. Overall, the UPBEE programme is supported by substantial grants of €4 million from E5P for both technical assistance and investments and €5 million for technical assistance from the EU Neighbourhood Investment Platform.