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

  • Doka’s DokaTruss table and Super Climber SCP on show at Conexpo 2014
    January 6, 2017
    Doka is inviting Conexpo 2014 visitors to take a look into the future of formwork technology – with the Austrian firm’s DokaTruss table and Super Climber SCP on show. A modular forming machine optimised for highrise cores, Doka says the new and improved version of the proven Super Climber SCP has been “rigorously developed”. In combination with DokaTruss table, a system aimed for setting and stripping large slab formwork, high speed construction cycles can, says Doka, be achieved efficiently. In the Comp
    Read More
  • Doka’s DokaTruss table and Super Climber SCP on show at Conexpo 2014
    January 17, 2014
    Doka is inviting Conexpo 2014 visitors to take a look into the future of formwork technology – with the Austrian firm’s DokaTruss table and Super Climber SCP on show. A modular forming machine optimised for highrise cores, Doka says the new and improved version of the proven Super Climber SCP has been “rigorously developed”. In combination with DokaTruss table, a system aimed for setting and stripping large slab formwork, high speed construction cycles can, says Doka, be achieved efficiently. In the Comp
    Read More
  • Almost gone: Canada’s old Port Mann Bridge deconstructed
    August 14, 2015
    Three years ago a welder’s cut halved Canada’s old Port Mann Bridge. David Arminas reports from the banks of the Fraser River. By the time this issue of World Highways reaches you, one of Canada’s iconic steel arch bridges will be a shadow of its former self. It’s been a three-year demolition job since the first cut across the deck of the old Port Mann Bridge just outside the city of Vancouver on Canada’s Pacific coast. A new 10-lane 2.2km Port Mann Bridge opened in 2012 (see box). It runs parallel to the o
    Read More
  • G&Z pave the way as East meets West
    March 28, 2014
    The Silk Route is one of the oldest trading links between Europe and Asia and is being upgraded with some of the newest equipment. The nation of Georgia is located on what is known as the ‘crossroads’ between Western Asia and Eastern Europe. It lies to the east of the Black Sea and is on one of the shortest routes between western China and Europe. Since the Middle Ages this strategically important country has played host to one of the network of roads collectively known as the Silk Route. For much of the 20
    Read More

Highlighted Content