Ukraine Road Modernization Scheme Gets More EBRD Funds

The European Bank for Reconstruction and Development is lending euro450 million (USD595.5 million) for the rehabilitation of a major motorway approaching Kiev, the capital city of Ukraine. The road links the city to several other European Union capitals and is part of the Pan-European Corridors III and V.

EBRD has initially provided euro375 million in three loans to finance improvements to some 700 kilometers of the motorway. The new loan will be used to rehabilitate the remaining sections of the highway.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

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