Ukraine and the International Bank for Reconstruction and Development (IBRD) have completed the second USD-450-million road rehabilitation project.
The Ukrainian Ministry of Finance announced this in a statement, the CFTS portal reports.
According to the statement, the IBRD has made the last payment under this project.
"This project began back in 2012 and played an important role in the development of the Ukrainian highway network. It has become one of the largest projects in the IBRD loan portfolio," Deputy Finance Minister Oleksandr Kava said.
Thanks to the loan from the World Bank, 108 kilometers of the Kyiv-Poltava-Kharkiv section of the M-03 highway have been rehabilitated. In particular, the existing road has been reconstructed and strengthened, some sections have been expanded from two to four lanes, and three bypass roads have been built around settlements.
In addition, the Lubny-Poltava motorway has been upgraded to a "high-speed highway."
"The successful implementation of the second road rehabilitation project made it possible to create another section of a modern network of high-speed roads in Ukraine. Thanks to this project, trips from Kyiv to Poltava, Kharkiv, Dnipro, and Zaporizhia, as well as the Donetsk and Luhansk regions, will become safer, more comfortable, and faster. We are planning to continue cooperating with the World Bank in this area, creating even more high-quality and high-speed roads that open up new opportunities for the regions," the deputy minister of finance said.
