Photo from UNIAN
The loan agreement is expected to be signed by the end of 2020.
Ukraine's Infrastructure Ministry says the World Bank will lend US$65 million for upgrading road infrastructure in the country's Luhansk region as part of a new project, titled "Eastern Ukraine: Reconnect, Recover, Revitalize."
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"Thanks to the Great Construction program initiated by the president, we are upgrading a record number of highways this year, that is over 6,000 kilometers of public roads of state and local importance. However, this is not enough to completely renew Ukraine's entire road network, including in the country's east, which suffered the most from Russia's aggression. This will require more than one annual national budget," the press service quoted Ukrainian Infrastructure Minister Vladyslav Kryklii as saying.
Project facilities
"The projects envisages the upgrading of about 183 kilometers of public roads of state importance in Luhansk region: N-26 Chuhuiv - Milove; R-66 the Demyno-Oleksandrivka checkpoint - Svatove - Lysychansk - Luhansk; T-13-02 the Taniushivka checkpoint - Starobilsk - Bakhmut," the press service added.
The ministry says the loan agreement is expected to be signed by the end of this year.
Ukraine's draft nation budget for 2021 provides for a 16% increase in spending on the road sector, to UAH 150 billion (US$5.3 billion) against UAH 129.3 billion (US$4.6 billion) in 2020.