EIB to finance Ukrainian road construction

Sights

European Investment Bank is providing €200 million ($273 million) loan for Ukraine to modernize road M-06 connecting Csap to Kiev.

This is the first European Investment Bank funding granted to an ex-member of the Soviet Union. The road in question is part of Paneuropean route number 3, joining Eastern Europe to the Transeuropean Network (TEN). Expanding TEN is an EU priority. The Ukrainian project is co-financed by EBRD. The constructor is Ukravtodor, the Ukrainian state’s road management company. EIB has provided nearly €87 million ($118.7 million) to expand TEN and other main road systems. (Napi Gazdaság)

ADVERTISEMENT

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auctio... Debt

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auctio...

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Teachers' Union Demands Uniform Wage Scale in Higher Educati... HR

Teachers' Union Demands Uniform Wage Scale in Higher Educati...

Shortlist for Expat CEO of the Year 2024 Unveiled Awards

Shortlist for Expat CEO of the Year 2024 Unveiled

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.