EBRD approves €190 million loan to upgrade roads in Ukraine
On 16 December, the European Bank for Reconstruction and Development (EBRD) approved a new €190 million loan tranche for further improvements to the country’s road infrastructure.
Part of a €450 million package, the tranche will finance the upgrade of sections of the M-05 Kyiv-Odesa road in the Kirovohrad, Mykolaiv and Odesa regions.
The provision of the new tranche follows efforts by Ukravtodor to review its governance systems, with a view to advancing reforms, says the EBRD’s press release. These include a comprehensive anti-corruption action plan developed by independent experts. In addition, Ukravtodor has prepared an e-mobility action plan to support electric-vehicle deployment in the country and is establishing a Road Safety Department.
Find out more
MOST READ
SEE ALSO
European Commission disburses additional €1.5 billion in bridge financing to Ukraine
EU4DigitalUA: EU presents results of project supporting Ukraine’s digital transformation
Kamianske school in Ukraine reopens after EIB-supported reconstruction
Borrell: some EU members willing to provide Ukraine with ammunition and air defence and interceptor systems
Young European Ambassadors in Ukraine engage students in Vinnytsia Region in game on disinformation
The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,
