Today, December 18, the European Bank for Reconstruction and Development and the Government of Ukraine, represented by the Minister of Infrastructure Vladyslav Kryklii, signed a loan agreement for EUR 450 million under the project "Development of the trans-European transport network (Ukraine - road corridors)". The funds will be used for the overhaul of the M-05 Kyiv-Odesa highway and the construction of the northern bypass of Lviv.
This was announced by the Minister of Infrastructure Vladyslav Kryklii.
"A record number of highways are being built this year as part of the President's Great Construction Program. More than 4,000 km of roads have already been rehabilitated across the country, and we will do even more due to concluding of a loan agreement with the EBRD "Trans-European Transport Network Development". The implementation of this project will not only allow to improve the condition of roads along the routes of international transport corridors but also increase safety on the roads connecting Ukraine with the EU and Kyiv with the Black Sea. I am grateful to our regular partners from the Bank for comprehensive support and assistance to Ukraine in creating a modern and high-quality infrastructure for people," the Minister commented on the signing of the agreement.
The Trans-European Transport Network Development project will be implemented with the help of a € 450 million loan from the EBRD and a € 450 million resource from the EIB. The funds will be used for the overhaul of 5 sections of the M-05 Kyiv-Odesa highway in Cherkasy, Kirovohrad, Mykolayiv and Odesa regions, as well as for the construction of the northern bypass around Lviv.