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Oleksandr Kava: the EBRD will Provide Loans to Ukraine to Finance  Regional-level Road Infrastructure Projects

The EBRD will provide loans to Ukraine to finance regional-level road infrastructure projects.

The pilot projects will be launched in Kherson and Dnipropetrovsk regions next year.

In particular, the EBRD will provide EUR 25 million loan for the construction of a bridge crossing over the railway to connect two districts of Kherson and EUR 40 million for the reconstruction of sections of two regional highways with a total length of 95.3 km in Dnipropetrovsk region (T-04-10 Dnipro - Mahdalynivka - Kotivka and T-04-29 Verkhiodniprovsk station - Verkhovtseve - Bozhedarivka).

The approval of the project is scheduled for March 21, 2021.

"One of the promising areas of cooperation between Ukraine and the EBRD is loans to finance road infrastructure at the regional level. I am glad that the work that started two years ago is yielding results: the preparation of projects in this area has begun and the necessary legislative and regulatory conditions will be created for such support. I am pleased to welcome the leadership of Dnipropetrovsk and Kherson regions, where the pilot projects will be implemented. From our side, the Ministry of Finance is ready to join this work,"- Deputy Minister of Finance Oleksandr Kava noted during a working meeting with the EBRD regarding the revision of the portfolio of common projects, which took place on Wednesday, November 4, 2020.