EIB, EBRD to finance road safety project in six Ukrainian cities

EIB, EBRD to finance road safety project in six Ukrainian cities

Ukrinform
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) will provide EUR 75 million each for the road safety project in the cities of Kyiv, Dnipro, Kharkiv, Lviv, Kamianets-Podilskyi and Odesa, according to the Infrastructure Ministry of Ukraine.

“This project will be implemented by Kyiv, Dnipro, Kharkiv, Lviv, Kamianets-Podilskyi and Odesa. The main goal of the project is to reduce the number of accidents and casualties by improving road infrastructure, the infrastructure for pedestrians, bicycle and public transport. The estimated cost of the project is EUR 177 million, of which loans of EIB total EUR 75 million, EBRD - EUR 75 million, and the rest will be formed by own funds, technical assistance and other sources of financing,” reads the report.

EIB representatives have said they are also considering launching the second part of this project, with funding of EUR 50 million involving other Ukrainian cities. However, the second part of the project will be launched after the funds provided to the cities within the first part of the project are used.

iy


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-