The board of directors of the European Bank for Reconstruction and Development (EBRD) approved provision of EUR 100 million for modernization of public transport in Ukrainian cities on 14 October. The lb.ua publication reported this, citing the Ukrainian News information agency, which cited information from a representative of the EBRD’s Ukrainian office.
The funds will be provided in the form of loans to public transport enterprises for improving infrastructure in Odessa, Chernigov, Chernovtsy, and a number of other cities.
As reported, the Ministry of Infrastructure announced on 23 September that it would use EUR 100 million from a loan under agreement with the EBRD for repair of roads in the western regions of the country. Specifically, the funds will be used to repair the H-09 highway (Mukachevo - Rakhov - Bogorodchany - Ivano-Frankivsk - Rogatin - Lvov) and the H-13 highway (Lvov - Sambor - Uzhgorod).
The loan agreement was signed between Ukraine and the EBRD in 2010 for a total of EUR 450 million for financing repair of the M-06 highway (Kyiv – Chop), the M-05 highway (Kiev - Znamenka), the M-07 highway (Kiev - Kovel - Yagodyn), and the P-02 highway (Kiev - Ivankov). During implementation of the project, a decision was made to abandon the repair of the P-02 highway (Kiev - Ivankov).
