The Cabinet of Ministers at a meeting on Wednesday approved the involvement of the European investment Bank loan of 450 million euros for the construction of roads. The money will go to the Northern detour of the city and the highway Kyiv – Odessa. This was at the briefing said Prime Minister Alexey Goncharuk, reports the Informant Money with reference to Lb.ua.
“This loan that we take a fairly low percentage – 2%. Every opportunity to use these cheap resources to use for construction is a huge stimulus for the economy of Ukraine. Every penny, each nested hryvnia actually creates jobs, stimulates the economy and as a result, leading to the completion of the state budget”, – he said.
At the end of October the EIB announced the allocation of credit line for the construction of the Northern detour of the city and reconstruction of sections of motor road M-05 in Cherkasy, Kirovohrad, Mykolaiv and Odessa regions.
The investment will improve the quality of the extended TRANS-European transport network (TEN-T) by creating safer road conditions and reduced environmental pollution. In addition, the Northern detour of the city will shorten the journey time and take truck traffic from the city.
On the road there are funds in the draft budget for next year. The numbers can be found here.