Ukraine: EIB climate finance to help Lviv become more pedestrian and cycle friendly

Photo: European Union
Photo: European Union

On 9 June, the City Climate Finance Gap Fund (Gap Fund), implemented by the European Investment Bank (EIB), announced the second round of cities that will receive free technical assistance to prepare bankable urban climate projects. The cities are located in six countries around the world, and include Lviv in Ukraine.

The projects include greening urban spaces, energy efficiency, renewable energy, sustainable mobility, and waste and water management. In Lviv, the Gap Fund will support the city’s street design to make it more favourable for pedestrians and cyclists.

The City Climate Finance Gap Fund, a new partnership supporting green, inclusive, resilient, creative and competitive cities in developing countries, is implemented by the World Bank and the European Investment Bank (EIB), in cooperation with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). Through donor-supported technical assistance, with a target of at least €100 million in funding, the Gap Fund aims to unlock an estimated €4 billion to help cities transform climate ambition into finance-ready projects.

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Press release