Key highway upgrades for Ukraine will be funded by a World Bank loan

External funding will pay for maintenance and safety upgrades on Ukraine’s road network. A deal was struck between Ukraine’s state highway agency Ukravtodor and the World Bank for a loan to cover the necessary work. The US$450 million loan will provide the financing required for Ukraine’s Federal programme of road improvements. Surface quality and safety upgrades will be carried out on a series of major road links, with the Kiev - Kharkov highway section between Lubny and Poltava having been identified as a
October 19, 2012 Read time: 1 min
External funding will pay for maintenance and safety upgrades on Ukraine’s road network. A deal was struck between Ukraine’s state highway agency 2780 UkrAvTodor and the 2332 World Bank for a loan to cover the necessary work. The US$450 million loan will provide the financing required for Ukraine’s Federal programme of road improvements. Surface quality and safety upgrades will be carried out on a series of major road links, with the Kiev - Kharkov highway section between Lubny and Poltava having been identified as a priority for the work.

For more information on companies in this article

Related Content

  • ARTBA encouraging new highway funding sources
    February 9, 2012
    The American Road & Transportation Builders Association (ARTBA) says that to tackle the funding gap for US highways, a different approach is required.
    Read More
  • US$320 million for Pakistan road upgrades
    September 26, 2024
    Road improvement works in North Pakistan will boost transport.
    Read More
  • Kiribati sees road infrastructure upgrade
    March 2, 2016
    Kiribati is benefiting from major improvements to its road infrastructure. Funding for the road development programme has been provided jointly by the World Bank, the Asian Development Bank (ADB), and the Australian Government. The improved road network on South Tarawa will help boost safety and economic development. The road is a vital shared communal asset for 50,000 people, the entire population of South Tarawa, as it is the lone vehicular transport route on the atoll. The project is seeing the upgrade o
    Read More
  • Tanzania delivers road construction boost
    November 2, 2012
    Plans to upgrade two major roads in Tanzania will bring huge benefits to the East African nation. Shem Oirere reports Tanzania’s bid to retain or improve its position as East Africa’s second largest economy is gaining momentum as the government moves to support the achieved growth and contribute more to ongoing regional economic integration through the improvement of its transport infrastructure. The country received a major boost in April, 2012, when the African Development Bank (AfDB), one of Tanzania lea
    Read More

Highlighted Content