KYIV, Nov 22 – The European Bank for Reconstruction and Development (EBRD) and the government of Ukraine in London on Friday signed a memorandum of understanding on the projects to finance the rehabilitation of the M05 Kyiv-Odesa road in Cherkasy, Kirovohrad, Mykolaiv and Odesa regions of 314 km long as well as the construction of a northern section of the bypass around the city of Lviv of 23 km long.

The EBRD said in a press release that the memo was signed by Ukrainian Prime Minister Oleksiy Honcharuk and EBRD President Suma Chakrabarti.