Ukraine to obtain loans from IBRD, EIB for road repair in Luhansk region

Ukraine to obtain loans from IBRD, EIB for road repair in Luhansk region

Ukrinform
As part of the project "Eastern Ukraine: Reunification, Restoration and Revival (Project 3B)", Ukraine will obtain a USD 65 million loan from the International Bank for Reconstruction and Development (IBRD) and a EUR 100 million loan from the European Investment Bank (EIB), according to the Ukrainian Infrastructure Ministry.

The ministry noted that funds raised through loans will be used for major and current average repairs of the following road sections: H-26 Chuhuiv - Milove, R-66 Demyno-Oleksandrivka - Svatove - Lysychansk - Luhansk checkpoint, T-13-02 Taniushivka - Starobilsk - Bakhmut checkpoint. In total, within the project, about 183 km of principal roads in Luhansk region will be repaired.

The implementation of this project will contribute to the development of infrastructure of Luhansk region. The most important thing is that residents of the eastern region will very soon be able to see the results of the project, and residents of the temporarily occupied territories will know that Ukraine is changing and cares about its citizens.

The ministry recalled that Ukraine and the World Bank had agreed to provide a USD 65 million loan to restore the road infrastructure of Luhansk region within the framework of the new project "Eastern Ukraine: Reunification, Restoration and Revival". The provision of this loan has also been approved by the International Bank for Reconstruction and Development.

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