The Cabinet of Ministers has decided to allocate UAH 134 million for construction of the Odesa-Reni highway. This was announced by Prime Minister Volodymyr Groysman, the Interfax Ukraine news agency reports.

"You can already count on this resource and use it in full," the prime minister said during a conference call on Wednesday, 11 May, citing the leadership of the Odesa region.

As reported, President of Ukraine Petro Poroshenko met with Prime Minister Groysman, Infrastructure Minister Volodymyr Omelian, and the Odesa region’s Governor Mikheil Saakashvili in late April to discuss the issue of accelerating the construction of the Odesa-Reni highway.

Sources of funding for the project from the state budget, customs revenues, and the European Union were identified at the meeting. It was also agreed that the construction work would begin in late May.

Related: Bulgaria To Lobby For Allocation Of EU Funds For Odesa-Reni Road

As reported, the Odesa-Reni highway is part of the pan-European transport corridor. Passenger and freight transportation from/to Romania is expected to increase after its reconstruction. In November last year, then-Minister of infrastructure Andrii Pyvovarskyi said that complete overhaul of the Odesa-Reni highway would cost UAH 3.5-4 billion.