The French government has announced the creation of a new fund amounting to €200 million, aimed at supporting the reconstruction of Ukraine and its integration into the European economic space. This move comes in response to significant interest from French companies in participating in competitions for funding projects in Ukraine under last year’s grant program.
This is reported by Business • Media
Support for Ukrainian Projects is Growing
According to information from program participants, the number of funding applications has already tripled initial expectations. This was a decisive factor in the decision to expand funding and launch an additional fund. The new funds will be directed towards infrastructure development, enterprise growth, and the implementation of European standards in Ukraine.
French Development Agency and Support for the Cabinet
The French Development Agency (AFD) has allocated €5 million to Lviv for the reconstruction of part of Mykolaychuk Street near the UNBROKEN center. The funds will also be used to prepare the foundation for a future tram line of 2.6 km, which will enhance the quality of the city’s transport infrastructure.
In addition, the Cabinet of Ministers of Ukraine has decided to allocate 22 billion hryvnias for the needs of the country’s reconstruction. Of this amount, nearly 18.5 billion hryvnias have been provided by the Japan International Cooperation Agency for the development of medicine, education, the agricultural sector, humanitarian demining, and the renewal of municipal services. Another 1.4 billion hryvnias will be directed towards energy restoration and training of sappers, while nearly 2.2 billion hryvnias in budget support from the European Union will be spent on modernizing port infrastructure.
France is creating a €200 million fund to support projects in Ukraine related to reconstruction and integration with the European market. This has become possible due to the significant attention from French enterprises to the competition under the €200 million grant agreement signed last year. The number of applications for funding from the first fund has been three times higher than the program anticipated, prompting French partners to expand funding.