The World Bank may provide the Ministry of Infrastructure of Ukraine with financing in the amount of $250 million for the modernization of the railway.
According to a report on the bank’s website, the project is intended to increase the efficiency and financial stability of JSC Ukrzaliznytsia.
Financing of the project may begin in FY2022, which ends on June 30 at the World Bank.
In addition, according to a posting on the bank’s website, it may also provide Ukraine with $400 million in financing for the Road Safety Facility.
The purpose of this project, as noted in the report, is to support the implementation of the Vision Zero concept in Ukraine (an international program to improve road safety and reduce mortality in road traffic accidents).
Financing of the project may begin in FY2023, which starts at the World Bank on July 1, 2022.
