EU Delegation to Ukraine visits Nefco managed IDP housing projects in Ivano Frankivsk

On 20 June 2024, Jocelin Cornet, Head of the Reconstruction, Energy, Infrastructure, and Environment Section of the EU Delegation to Ukraine, and Andriy Bandura, Energy Sector Coordinator at the EU Delegation to Ukraine, were in Ivano-Frankivsk to inspect Nefco-managed projects in the city. As part of the visit, the EU representatives met with Ruslan Martsinkiv, Mayor of Ivano-Frankivsk.

Among the visited project sites was the reconstructed dormitory of the Ivano-Frankivsk National Technical University of Oil and Gas, inaugurated this February. The facility was turned into energy-efficient housing capable of accommodating 150 IDPs under the "EU Support for Urgent Housing Needs for Internally Displaced Persons (IDPs) in Ukraine" action, financed by the European Union and managed by Nefco. Another project under this action - an administrative building transformed into IDP housing for approximately 40 people - opened its doors to new residents in May.

The representatives of the EU Delegation to Ukraine also inspected a plot of land for a new EU-financed project. Under a budget of EUR 9.5 million, this project involves the construction of new housing for IDPs, expected to accommodate approximately 550 people. The project design has been completed and the tender procedure is ongoing.

During a meeting with the mayor of Ivano-Frankivsk, Jocelin Cornet and Andriy Bandura discussed the city's needs during the war and how international donors can support the city in providing urgent accommodation for internally displaced persons. Situated at a considerable distance from active hostilities, Ivano-Frankivsk, having accepted 40,000 IDPs, serves as a major hub for those fleeing war-affected regions of Ukraine and for wounded soldiers undergoing rehabilitation. This situation underscores the importance of IDP housing projects for the city. The projects' energy-efficiency component, ensured by Nefco, also helps strengthen the community's energy resilience amidst Russia's continuous attacks on Ukraine's energy infrastructure.

"The EU is pleased with the progress of Nefco-managed projects in alleviating the humanitarian crisis in Ukraine. We take pride in witnessing the outcomes of our efforts to provide shelter to those in need, offering them a safe space to rebuild their lives. We are grateful to the Ivano-Frankivsk administration for the productive dialogue and their commitment to fostering hope among the city's new residents for a better tomorrow and driving Ukraine's green transformation," says Jocelin Cornet, Head of the Reconstruction, Energy, Infrastructure, and Environment Section of the EU Delegation to Ukraine.

For further information, please contact:

Julia Shevchuk, Chief Investment Adviser, Nefco

[email protected], +380 50 358 3518

About Nefco

Nefco, the Nordic Green Bank, is an international financial institution (IFI) founded in 1990. Our task is to work with concrete actions to accelerate the green transition, and we serve the interests of our owners, Denmark, Finland, Iceland, Norway and Sweden. In addition to our own capital, the Nefco Investment Fund, we manage several trust funds on behalf of various donors to support environmental and climate-related projects. By focusing on small and medium-sized projects with tangible results, we demonstrate how climate and environmental projects can be implemented and scaled up in a sustainable and cost-efficient way. We evaluate projects against our own demanding environmental criteria and the EU Taxonomy and assess their impact against the Paris Agreement and the UN Sustainable Development Goals. Over the years, Nefco has implemented some 1,600 private and public projects across different sectors all over the world. Nefco's headquarters is located in Helsinki, Finland. Read more at www.nefco.int

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