European development banks are providing €900 million to rebuild the southern half of the Kyiv-Odesa highway and a 24 km northern bypass around Lviv,

European development banks are providing €900 million to rebuild the southern half of the Kyiv-Odesa highway and a 24 km northern bypass around Lviv, reported the Infrastructure Ministry. “This project is the largest in the 10 years of cooperation between Ukravtodor and the EBRD,” Oleksandr Kubrakov, head of the state highway agency, said, referring to the €450 million loan from the European Bank for Reconstruction and Development. This loan is being matched by a second €450 million loan from the European Investment Bank.