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

  • Challenges and investment opportunities in East Africa transport infrastructure Sector
    November 21, 2014
    East Africa offers considerable potential for transport infrastructure expansion and investment - Shem Oirere reports Infrastructure, infrastructure and more infrastructure is what is needed to make East Africa the favoured destination and Kenya, Tanzania, Uganda and Rwanda have unveiled grand plans to enhance the infrastructure both nationally and regionally.” This is how market analyst Deloitte introduced its 2014/15 budget analysis for the four countries in July.
    Read More
  • Financing for Bangladesh road project secured
    October 14, 2021
    Financing has been secured for an important for Bangladesh road project.
    Read More
  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
    Read More
  • Chinese highway project under construction
    February 9, 2017
    China’s infrastructure expansion programme is in the process of transforming the country. Meanwhile its construction market is the largest in the world, comprising around 25% of the country’s US$11 trillion economy. However, slowing domestic growth in recent years has encouraged the Chinese Government to invest in key infrastructure projects in a bid to improve the country’s transport connections.
    Read More

Highlighted Content