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

  • Congestion and safety concerns over Serbia’s roads
    February 23, 2012
    With traffic flows on the increase, Serbia needs to improve its road network and safety record, reports Gordon Feller. Serbia's road network needs to upgrade its road system against the backdrop of increased traffic flows. Serbia is crossed by segments of the important Trans European network (TEN). Corridor X with its branches Xb (Belgrade-Budapest) Xc (Nis-Sofia), and Xd (Nis-Presevo), represent the most important transit routes in the Republic, connecting Austria/Hungary, Slovenia/Croatia, and Bulgaria/Ma
    Read More
  • Upgrade due for Nicaragua’s NIC 3 highway
    September 11, 2013
    Nicaragua’s Ministry of Transportation and Infrastructure has awarded the first of a series of contracts to upgrade the NIC 3 highway. The construction work will be carried out by a consortium comprising contractors Constructora Meco, CEMEX and Llansa Ingenieros. This first phase will be for a 34.4km section of the route while the second stretch will be 15.6km long. In all the work is expected to take 18 months to complete and is likely to cost around US$40 million. Financing is being provided by the Fund o
    Read More
  • IRF World Congress: Road user charging
    October 16, 2024
    Where will the money come from to develop and maintain tomorrow’s sustainable road network, no mater in what nation? This was the focus of another session at the IRF World Congress in Istanbul of day of the three-day event.
    Read More
  • Uganda’s capital Kampala needs road repairs
    March 8, 2021
    Uganda’s capital Kampala needs to repair its road network.
    Read More

Highlighted Content