Progress is being made on 300 million euro financing to improve rail access to Mykolayiv, Ukraine’s second busiest port, after Yuzhne.

Progress is being made on 300 million euro financing to improve rail access to Mykolayiv, Ukraine’s second busiest port, after Yuzhne. On Wednesday, President Poroshenko approved Rada ratification of a 150 million euro loan from the European Investment Bank. The EBRD is matching the loan. The money is to go to electrifying and doubling the main 170 km north-south line from Dolynsk to Mykolaiv. The loans also will upgrade a rail line from Kolosivka, 100 km to the northwest of Mykolayiv.