The European Investment Bank (EIB) is considering financing a large-scale project to restore access to drinking water in Mykolaiv. The planned investment amount may reach €70 million. The project aims to address the critical water supply issues faced by the city, which arose after the destruction of the Kakhovka Hydroelectric Power Station by Russian military forces in 2023. As a result, the residents of Mykolaiv are experiencing a severe shortage of quality drinking water.
This is reported by Business • Media
Environmental and Social Benefits of Water Supply Restoration
The implementation of this subproject will bring significant environmental and social benefits. In particular, a substantial improvement in water quality, enhanced energy efficiency of the water supply system, and an improved standard of living for the city’s residents are expected. This project is part of a broader Municipal Infrastructure Development Program in Ukraine. The program started in 2015 with a framework loan of €400 million aimed at modernizing urban utility systems across the country.
Financial Support for Ukraine from the EIB
The European Investment Bank has been cooperating with Ukraine since 2007. Following the onset of the full-scale aggression by the Russian Federation in 2022, the EIB significantly expanded its financial assistance to our country. During this time, Ukraine has received €4 billion from the Bank for the restoration and strengthening of critical infrastructure resilience.
In the context of supporting water infrastructure, the Kyiv City Council recently allocated 548 million UAH to ensure the stable operation and enhance the energy independence of the water supply and sewage systems in the capital.
“The European Investment Bank is considering a project worth €70 million aimed at restoring Mykolaiv’s access to drinking water after serious damage to its water supply infrastructure due to the destruction of the Kakhovka Hydroelectric Power Station by Russian military forces in 2023.”