The Committee on Transport and Communications upholds Ratification of the Financial Agreement (Ukraine - the Project of European Roads of Ukraine) between Ukraine and the European Investment Bank

26 May 2008, 14:20

Adoption of the Bill on ratification (Reg. No.0047) will complete internal procedure of Ukraine necessary for the Agreement to come into force. 

 

Pursuant to the Agreement, Ukraine is granted a credit in the amount equal to 200 mln.Euro for realization of the Third Project "Motor Road Kyiv-Tchop Repair". The funds will be allocated for the repair of a part of motor road from Brody to Rivne, and from Rivne to Zhytomyr. 

 

Due to the implementation of the Project, transport and service conditions of the motor road Kyiv-Tchop will correspond to the European level.