UKR/ EBRD TO PROVIDE €200 MILLION LOAN TO UKRAINE AS PART OF INTERNATIONAL SUPPORT PACKAGE

The European Bank for Reconstruction and Development (EBRD) will provide a €200 million
 loan to finance the modernisation of Ukraine’s road transport sector, in a move that will see
 a significant increase of the bank’s public sector lending in the country as part of the effort
 of the international community to support the Ukrainian economy.

 The project, financed together with the European Investment Bank, envisages the
 rehabilitation of road approaches to the Ukrainian capital, including sections of roads
 between Kiev and Odessa and from Kiev to Chernigiv, which form part of the key Pan European
 Corridor IX.

 The decision to go ahead with the road financing was contingent on an International Monetary
 Fund programme for Ukraine which was approved on 30 April.

The high level of financing will be reinforced with additional technical assistance and intensive policy dialogue to help to drive forward much-needed economic reforms, a press release said.

Modernisation of Ukraine’s transport infrastructure is one of the EBRD’s key priorities in  the country, helping to improve and extend commercial links both within Ukraine itself and with its neighbours. This latest €200 million loan is the second tranche of an EBRD investment programme in the road sector...(link)