EBRD will provide €900 mln for Kyiv-Odesa road

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EBRD will provide €900 mln for Kyiv-Odesa road 1

European banks will provide €900 million for the repair of Ukraine’s busiest highway, the 453 km Kyiv-Odesa road, says Slavomir Novak, the outgoing head of Ukravtodor, the state highway agency.

“We were able to complete negotiations with European banks, with the EIB and EBRD, and Ukraine will receive 900 million for the overhaul of Kiev-Odesa, raising this road to autobahn category,” he tells Hromadske.

Next spring, he says, work should start on the road, Highway M05.

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