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The bank expects that the credit line will help improve the transport network in Ukraine's eastern regions.
The European Investment Bank (EIB) has approved the allocation of a EUR 50 million loan to the Ukrainian state-owned railway company Ukrzaliznytsia (Ukrainian Railways) and the State Road Agency of Ukraine, Ukravtodor, for the implementation of transport infrastructure projects.
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According to the EIB, the relevant decision was taken by the Board of Directors on September 19.
It is noted the funds are intended to improve interaction in Ukraine's eastern regions and support small transport projects at the local level.
In particular, the framework loan is expected to finance projects in the field of small transport infrastructure worth at least EUR 20 million.
It is expected that investments will improve road safety and have a positive impact on the country's economic development.
The total cost of the framework project is EUR 110 million, while other sources of funding are not specified.
As UNIAN reported earlier, the European Union plans to mobilize the resources of the European Investment Bank. It will also consider the possibility of attracting the EU's External Investment Plan to help Ukraine develop its infrastructure.