Ukraine promised €450m to improve roads
Posted on Saturday, May 28, 2011 - 08:20 amThe European Investment Bank announced on Friday that it had issued its “largest loan” to date for a European Union eastern partner country, giving Ukraine €450m ($644.5m) to renovate its dilapidated roads.
Co-financed by a separate €450m loan approved last year by the European Bank for Reconstruction and Development, the project is expected to better connect the EU with Ukraine, along with other former Soviet republics.
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Posted by World on Saturday, May 28, 2011 - 08:20 am.
Filed under Emerging Markets, World.
Tagged with: Bank • development • EM Stocks Market • emerging markets • Emerging Stock Markets • European • european investment bank • Stock Market EM • Union
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