World Bank Board approves $450 million loan for Second Roads and Safety Improvement Project in Ukraine

Print version
Sept. 21, 2012, 12:11 p.m. | Ukraine Politics — by Interfax-Ukraine

This 02 August, 2004 photo shows the logo on the World Bank Building in Washington, DC.


The Interfax-Ukraine News Agency – a company belonging to the Interfax Information Services international group – has been an information provider in the political and economic information market of Ukraine since 1992.

The Board of Directors of the World Bank has approved a loan of $450 million to realize the Second Roads and Safety Improvement Project (RSIP2 in Ukraine, the bank's press service has reported.

"The project will improve condition and quality of sections of the Kyiv-Kharkiv road between the cities of Lubny and Poltava and enhance road safety for the whole network of Ukraine’s roads," reads the report.

The Second Roads and Safety Improvement Project will be implemented by Ukravtodor, the State Road Agency of Ukraine.

The press release says that the RSIP2 is a follow-up project to the ongoing Roads and Safety Improvement Project (RSIP1) in the amount of US$ 400 million which was approved by the World Bank Board in 2009.

Ukraine joined the World Bank in 1992. Ukraine has received over $7.5 billion from the World Bank for 41 projects since joining the bank.

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus


© 1995–2015 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.