The European Investment Bank (EIB) and European Commission have announced a €20 million agreement to extend advisory assistance for economic development in Ukraine. The €20 million envelope is financed 50/50 by the Commission and the EIB's EU for Ukraine advisory programme.
The extension of the advisory aid under JASPERS (Joint Assistance to Support Projects in European Regions) aims to ensure the optimal use of resources for Ukraine’s recovery and reconstruction.
A cooperation framework on enacting the programme was signed by EIB Vice-President Teresa Czerwińska and Ukrainian First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko at the Ukraine Recovery Conference in Berlin.
The extended JASPERS advisory package will support the Ukrainian government in preparing high-quality investment projects and enhancing expertise for the effective use of recovery funds. JASPERS experts will help build capacity to develop and execute investments based on EU standards and legislation.
JASPERS, run by the EIB and co-funded by the Commission, has been active since 2006 within the European Union and since 2013 in neighbouring regions, primarily supporting Western Balkan countries.
Since 2022, JASPERS has supported Ukraine’s transport infrastructure by helping develop a strategy for the EU integration of the Ukrainian and Moldovan rail systems, enhancing border-crossing capacity to curtail waiting times — a critical measure for Ukraine’s exports and imports — and advising on national transport strategies, including the EU gauge connection between Lviv and the borders with Slovakia and Hungary, the EU gauge connection between Lviv and the Romanian border and the development of the Lviv railway node strategy.
The involvement of JASPERS extends to energy, supporting the preparation of Slovakia-Ukraine and Romania-Ukraine power interconnectors. These efforts contribute to Ukraine’s sustainable development and improved connectivity.
With the extension of the mandate, JASPERS continues to play a crucial role in Ukraine’s recovery, focusing on sustainable infrastructure and critical investment projects.
More details on JASPERS support to Ukraine at: Expertise JASPER