The World Bank has approved the third project for reconstruction of the M-03 Kyiv-Kharkiv-Dovzhansky highway worth USD 560 million, Infrastructure Minister Andrii Pyvovarskyi announced on his Facebook page.

"Hurrah! The World Bank has approved the third project worth USD 560 million for restoration of Ukrainian roads. The M-03 (Kyiv-Kharkiv) will be category one throughout its length," the minister wrote.

Pyvovarskyi did not say when the funds will arrive in Ukraine or when the work will begin.

According to First Deputy Minister of Infrastructure Volodymyr Shulmeister, the World Bank funds will be used to repair the East-West northern transport corridor: Poltava-Kharkiv section of the Chop-Kyiv-Kharkiv highway.

"In addition, as part of this project, design and repair of the second East-West transport corridor – namely Krakovets-Lviv-Ternopil-Vinnytsia-Uman-Kirovograd – with subsequent repair of the corridor to the southern ports of Kirovograd-Mykolaiv-Kherson, which will allow Ukraine to transport cargo flows from Asia through our seaports to Europe," Shulmeister said on his Facebook page.

As reported, the World Bank earlier financed two projects involving repair and reconstruction of various sections of the M-03 Kyiv-Kharkiv-Dovzhansky highway. The projects involved reconstruction of the Boryspil-Lubny section of the highway, which has a length of about 120 kilometers. Due to savings, repairs were also performed on some sections between Lubny and Poltava. In addition, the World Bank funds were used to eliminate areas of concentration of traffic accidents and construct two pedestrian bridges on the Kyiv-Odesa highway.

The second project involved repair of a section between Lubny and Poltava with a length of about 108 kilometers. Work to improve the infrastructure in areas of concentration of traffic accidents was also performed and money was spent on building institutional capacity.