Financial news

The World Bank Will Assign $400 million for the Ukrainian Roads

08 апреля 2009 г.

 The board of directors of the World bank (WB) has approved the decision to grant Ukraine the credit of $400 million within the project « Improvement of highways and traffic safety ». It is spoken about in the message of the World Bank.

The credit will be given for the period of 30 years with a five years' grace period. Public service of highways “Ukrautodor” will be engaged to improve of quality of motorways.

Let's remind, that in the middle of March the head of “Ukrautodor”, Mr. Vadim Gurzhos declared, that the company expected to sign the agreement with WB about gaining the credit of $400 million in April.

In December, 2008 the Cabinet of Ukraine approved “Ukrautodor” would gain $400 million credit at WB. Within this sum $300 million would be spared for reconstruction of a site of road "Kiev-Kharkov-Dovzhanskyi”, from Borispol up to Lubny (the Poltava area), and $100 million — on improvement of a transport-operational condition of motorways of the state value on under abnormal condition-dangerous sites.

Earlier it had been informed, that the World bank predicted falling of gross national product in Ukraine during 2009 on 9 % in comparison with year 2008.
 

» к списку

Read more