Supporting two major goals of the government of Ukraine – improving the national road infrastructure and fighting corruption – the European Bank for Reconstruction and Development (EBRD) is providing a €450 million loan to the state road agency Ukravtodor.

The funds will be used to finance the rehabilitation of sections of the M05 Kyiv-Odessa road and the construction of a new northern bypass around the city of Lviv. Both are part of the Trans-European Transport Network (TEN-T) and of strategic importance for Ukraine’s domestic and international connectivity, in particular with the European Union.