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

  • Loan will assist Tanzania road project
    October 7, 2021
    A new loan will assist a key Tanzanian road project.
    Read More
  • Brazilian highway projects face funding issues
    December 10, 2014
    In Brazil financing issues have hit a number of transport projects in Minas Gerais state. The Banco do Brasil is holding back funds for planned work. As a result the state government of Minas Gerais has halted work on 32 construction projects. The Banco do Brasil has not provided the expected US$345.86 million for the work to be carried out. The finances were arranged by the central government through its funding programmes. The projects include a section of the MG-437 road between Sabara and Nova Lima. The
    Read More
  • Island highway maintenance and upgrade funding
    May 14, 2012
    Roads in the Isle of Wight, off the south coast of England, are set for a major upgrade following £364.6 million (E404 million) of government funding. The Private Finance Initiative (PFI) funding will allow the Isle of Wight Council to carry out vital improvements and maintenance to local roads over 25 years including road surface improvement and maintenance; footway and cycleway improvement; maintenance on bridges and other structures; upgrades to traffic signals, signs, street nameplates and road marking
    Read More
  • Paying for the roads we drive
    February 6, 2018
    All around the world, vehicle numbers are growing fast and existing roads are seeing increasing congestion. This rapid increase in vehicle ownership is particularly acute in the developing world. Reductions in actual vehicle purchase costs have resulted in an explosion in vehicle numbers using the roads. In the past, governments were able to fund road expansion programmes from their own sources. The most ambitious of these came when the US Government commenced construction of the Interstate system in 1956,
    Read More

Highlighted Content