Ukraine Receives $432 Million for Transportation Infrastructure Restoration

Ukraine will receive $432 million for the restoration of transportation infrastructure under an agreement with the World Bank.

This was announced by Prime Minister of Ukraine Denys Shmyhal on Telegram.

“Ukraine will receive $432 million from the World Bank for the restoration of transportation infrastructure. Relevant agreements within the DRIVE project were signed today in Kyiv between the Ministry of Development and the World Bank,” he informed.

Shmyhal noted that the project involves major repairs of roads and bridges in 19 regions, reforming national highways, installing modular bridges, as well as technical assistance. The State Agency for the Restoration and Development of Infrastructure of Ukraine will be in charge of the project’s implementation.

The Prime Minister also pointed out that the project “Creation of 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 funding includes $212 million from the IBRD with support from the Government of Japan and $10 million from the Target Fund for the Support, Restoration, Reconstruction, and Reform of Ukraine,” he added.

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