KYIV, Dec 16 - The European Bank for Reconstruction and Development (EBRD) will provide the State Road Agency of Ukraine (Ukravtodor) with a tranche in the amount of EUR 190 million for the repair and improvement of the technical condition of the sections of the M-05 Kyiv-Odesa highway.

"Encouraged by steps taken by Ukraine's state road agency Ukravtodor, the Board of Directors of the European Bank for Reconstruction and Development has approved a new EUR 190 million loan tranche for further improvements to the country's road infrastructure," the bank said in a release.