Western Banks To Spend USD 900 Million On Ukrainian Roads In Two Years

News 4 June 2015, 10:01

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The volume of credits for implementation of joint projects with international financial institutions will amount to USD 909.9 million in the period of 2015-2016, according to materials from the State Automobile Road Service (Ukravtodor)

The volume of credits for implementation of joint projects with international financial institutions will amount to USD 909.9 million in the period of 2015-2016, according to materials from the State Automobile Road Service (Ukravtodor), which the CFTS portal obtained.

The International Bank for Reconstruction and Development (IBRD) will provide USD 443 million, the EBRD USD 434 million, and the EIB USD 22 million.

All the funds from the IBRD will be used to finance the first, second, and third phases of a project for improving roads and road safety.

The EBRD and the EIB will provide funds for a project for improving the condition of roads on approaches to Kiev.

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