The European Investment Bank (EIB) and the Eastern Europe Energy Efficiency and Environmental Partnership E5P have signed two donor agreements totaling €16.4 million to support higher education and municipal infrastructure in Ukraine, Interfax-Ukraine reports.
"This assistance will be used to upgrade educational institutions. The facades [of their buildings], ventilation, heating and lighting systems will be modernized ... The second agreement concerns the heating system in Kryvy Rih: meters will be installed at the consumers' level," EIB Vice-President Vasyl Hudak said at an official event to sign the agreements in Kyiv on Wednesday.
Under the project, €10 million will be spent on measures to improve energy efficiency in seven universities in Ukraine, and €6.4 million will be allocated for upgrading Kryvy Rih's heating supply systems.
E5P is a multi-donor fund supporting municipal investments in energy efficiency and environmental projects in the Eastern Partnership countries, namely Armenia, Belarus, Georgia, Moldova, and Ukraine.