Economy

EBRD approves €190 mln tranche for Ukraine’s road agency.

Friday, December 17, 2021
EBRD approves €190 mln tranche for Ukraine’s road agency.

Encouraged by steps taken by Ukraine’s state road agency Ukravtodor, the Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new €190 million loan tranche for further improvements to the country’s road infrastructure. Part of a €450 mln package, the tranche will finance the upgrade of the M-05 Kyiv-Odesa Road in the Kirovohrad, Mykolaiv, and Odesa regions, says EBRD press release.

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