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Ukraine will receive $432 million to rebuild its transport infrastructure as part of an agreement with the World Bank.
This was announced by Prime Minister of Ukraine Denys Shmyhal on Telegram, Ukrinform reports.
“Ukraine will receive $432 million from the World Bank to restore its transport infrastructure. The relevant agreements under the DRIVE project were signed today in Kyiv between the Ministry of Development and the World Bank,” he said.
Shmyhal noted that the project envisages major repairs of roads and bridges in 19 regions, reform of national highways, installation of modular bridges, and technical assistance. It will be implemented by the State Agency for the Restoration and Development of Infrastructure of Ukraine.
Read also: Government allocates additional ₴1.5 billion to rebuild Kyiv region
The Prime Minister noted that the project “Building Resilient Infrastructure in Vulnerable Environments in Ukraine” (DRIVE) was approved by the World Bank’s Board of Directors at the end of last month.
“Part of the financing includes $212 million from the IBRD with the support of the Government of Japan and $10 million from the Trust Fund for Support, Recovery, Rehabilitation and Reform of Ukraine,” he added.
As Ukrinform reported earlier, the European Commission has transferred 3.5 billion euros of the next tranche to Ukraine under the Ukraine Facility.
