World Bank cuts Ukraine financing

The World Bank is reducing its financing of projects in Ukraine until 2016. The new cooperation strategy between the bank and the country's government follows a drop in financing through slow spending loans extended by the bank to the country. The bank will provide US$150million for the Second Project for Exports Development in 2012. And Ukraine can also receive $1billion in 2013–2014, but both financing packages depend on development of economic reforms in the country during the following two years. The
June 14, 2012 Read time: 2 mins
The 2332 World Bank is reducing its financing of projects in Ukraine until 2016.

The new cooperation strategy between the bank and the country's government follows a drop in financing through slow spending loans extended by the bank to the country.

The bank will provide US$150million for the Second Project for Exports Development in 2012. And Ukraine can also receive $1billion in 2013–2014, but both financing packages depend on development of economic reforms in the country during the following two years.

The list of the World Bank's new financing programmes in Ukraine also includes the second project for motor road development and traffic safety; the centralised heating project; improving efficiency and upgrading the gas sector ($200-300million); the second project for electric power transmission ($200million); the second project for city infrastructure development ($200million),, and the project for the state statistical system development ($10million).

Meanwhile, in Zaporizhya, the industrial metropolis in Ukraine’s south-east, a cable-stayed bridge over Dnieper River is under construction with formwork from 203 Doka.

The multi-lane bridge is being built alongside an older viaduct and the two separate roadway slabs are cable-stayed off twin H-shaped suspension towers 150m-high.

Contractors Mostobud expect the bridge to be completed by 2013.

For more information on companies in this article

Related Content

  • Webuild proposes Baltimore Bridge design
    May 6, 2024
    VIDEO: The project in the US state of Maryland to replace the collapsed Francis Scott Key Bridge was made free of charge ahead of tomorrow’s state-led virtual industry forum for reconstruction of the bridge.
    Read More
  • Major bridge widening project going to plan
    May 2, 2012
    When built it was determined that a vital US road/rail bridge would always be widened.
    Read More
  • Sunderland’s New Wear Crossing takes shape
    February 16, 2017
    The New Wear Crossing will be the first bridge to be built over the River Wear in Sunderland, UK, for more than 40 years Raising the bridge’s 100m-tall pylon promised to be a stunning visual sight, but also a tricky operation dictated by extremely variable local weather. World Highways went to press just before the operation, but not before the pylon had arrived by barge on January 7. It had completed a two-day crossing of the often unpredictable North Sea from the Belgian port of Ghent where it was f
    Read More
  • Stantec: coming to an infrastructure site near you
    April 13, 2017
    Acquisitive Canadian firm Stantec is snapping up more transportation expertise as it moves out of its home North American market. David Arminas reports. Last December, politicians from the US states of Kentucky and Indiana celebrated the opening of the second of two major bridges. A ribbon-cutting ceremony took place in cold wintry weather on the new 762m-long cable-stayed Lewis and Clark Bridge. The event marked the finish of the prestigious three-and-half-year Ohio River Bridges Project.
    Read More

Highlighted Content