World Bank's board of directors’ US$ 450mn loan to boost Ukraine roads quality

The World Bank's board of directors has approved a decision to loan Ukraine US$450 million to finance a project improving the condition and quality of the country’s roads and national road safety. A key element of the project is major repairs to the Kiev - Kharkov highway section between Lubny and Poltava. The World Bank previously provided a $ 400 million loan for earlier stages of the road improvement and highway safety project, which began in 2009.
October 3, 2012 Read time: 1 min
The 2332 World Bank's board of directors has approved a decision to loan Ukraine US$450 million to finance a project improving the condition and quality of the country’s roads and national road safety.

A key element of the project is major repairs to the Kiev - Kharkov highway section between Lubny and Poltava. The World Bank previously provided a $ 400 million loan for earlier stages of the road improvement and highway safety project, which began in 2009.

For more information on companies in this article

Related Content

  • Key highway upgrades for Ukraine will be funded by a World Bank loan
    October 19, 2012
    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
    Read More
  • Ukraine's pivotal plans
    February 16, 2012
    The authorities in the Ukraine are in discussions regarding financing for a major road project, as well as making plans for the country's first ever highway concession.
    Read More
  • World Bank to reduce its Ukraine financing
    April 24, 2012
    The World Bank is reducing its financing 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 in recent years. The bank will provide US$150million for the Second Project for Exports Development in 2012. And Ukraine can also receive $1billion in 2013-2014. However, both financing packages will depend on development of economic reforms in the country during the foll
    Read More
  • World Bank cuts Ukraine financing
    June 14, 2012
    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
    Read More

Highlighted Content