Half of World Bank $800 million will repair existing roads

19 Apr 2015

According to ukrainianjournal, Ukraine and the World Bank have agreed that $400 million out of an $800 million loan provided by the bank for the reconstruction of the Poltava-Kharkiv highway will go to repair existing roads, Prime Minister Arseniy Yatseniuk said at a cabinet meeting on Tuesday.

"We with Natalie [Jaresko, Finance Minister] met the World Bank director. The bank gives $800 million for the Poltava-Kharkiv highway, and we agreed that we will divide the sum 50% to 50%. The half will go to the Poltava-Kharkiv highway, and the half will go to repair of existing roads, as the state of the roads in the country is awful," he said.