Skip to main content

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

  • Uganda looks to upgrade cross-border links
    February 9, 2012
    The road linking Uganda with Sudan is being rebuilt with loans coming from the Japanese Government and the US-based World Bank. The cost of improving the road between Gulu and Atiak in Uganda and Nimule in Sudan is expected to be around US$245 million.
  • Ghana receives highway boost
    February 15, 2012
    A World Bank loan worth US$400 million will help complete construction of four key highway links in Ghana. New Highway connections from capital Accra will be completed by the end of this year.
  • EBRD supplies loan for Albania’s road development
    February 11, 2020
    The EBRD is suppling a loan to help pay for Albania’s planned road development works.
  • Loan to fund Serbian road rebuilding
    September 8, 2014
    Serbia’s Ministry of Construction has plans to rebuild and upgrade some 1,000km of roads between 2014 and 2018. The work is expected to cost €300 million. Serbia’s Government is looking to the EU for the ratification of a previously discussed loan worth €300 million. This loan has been approved by the World Bank, the EBRD and the European Investment Bank (EIB). The money will be used to fund road rebuilding work, with one of the first projects to tackle being the improvement of the Zrenjanin-Zabalj route.