Today, August 25, the Verkhovna Rada has ratified the financial agreement "European Roads of Ukraine III (Project "Transport in Ukraine - Phase I") between Ukraine and the European Investment Bank (EIB). 273 lawmakers supported the bill.

The Agreement provides for the disbursement of EIB loans and EU grants for a number of important projects to improve traffic safety and introduce modern intelligent systems in transport.

"Our common objective is to attract maximum funding for the reconstruction of Ukrainian roads. For this purpose draft law №0056 on the ratification of the financial agreement "European Roads of Ukraine III (Project "Transport in Ukraine - Phase I")", which provides for the attraction of EUR 50 million has been developed. I am grateful to the MPs for supporting the decision," commented the Minister of Infrastructure of Ukraine Vladyslav Kryklii on the ratification of the agreement.

The Minister told that the funds raised under the Agreement will be used to implement the following projects:

- construction of the north-eastern section of the bypass road in Ternopil;

- construction of 3 multi-level interchanges and 2 overpasses in Lviv and Rivne regions, as well as near Ternopil;

- development of intelligent transport systems for transport management and control.

According to Vladyslav Kryklii, their implementation will improve road safety by minimizing the number of accidents and incidents. In addition, the introduction of intelligent transport systems will contribute to further digitalization of transport processes.