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EBRD mulls EUR 450-mln loan to Ukraine to upgrade Kyiv-Odesa highway
Journal Staff Report

KYIV, Oct 12 The European Bank for Reconstruction and Development (EBRD) may allocate three tranches of a sovereign loan of EUR 450 million to Ukraine for the rehabilitation of the Kyiv-Odesa highway and the completion of the bypass around the city of Lviv.

According to a posting on the bank's website, the project is pending approval on December 16, 2020.

The first tranche in the amount of up to EUR 100 million is intended for to finance the rehabilitation of the M-05 Kyiv-Odesa road section in Cherkasy region, the second tranche of up to EUR 160 million is intended to finance the construction of a northern section of the bypass around the city of Lviv. The third tranche in the amount of up to EUR 190 million will be sent to rehabilitate the M-05 Kyiv-Odesa road sections in Kirovohrad, Mykolaiv and Odesa regions.




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