Business news from Ukraine

EUROPEAN INVESTMENT BANK WILL ISSUE GRANT TO DEVELOP HIGHWAY CONSTRUCTION IN UKRAINE

12 April , 2019  

The European Investment Bank (EIB) will provide grant assistance to the State Agency of Automobile Roads of Ukraine (Ukravtodor) to develop a feasibility study for the construction of the Lviv-Mukachevo-Uzhgorod highway with a branch to the Hungarian border, the agency’s press service has reported. “This corridor is very important for Ukraine, because the export flow to the countries of Southern and South-Western Europe is directed through it. In addition, the new road will also provide a stable communication with Zakarpattia region,” Oleksandr Kava, the adviser to the Ukravtodor head, said.
According to the report, the new road will connect with the Hungarian M3 highway through the Dyida checkpoint and the Slovak D1 highway through the Uzhgorod checkpoint.
The maximum speed on the highway will be 130 km/h.
“This road will reduce the trip time in the direction of Lviv-Mukachevo to an hour and a half instead of the current 3.5 hours,” the report says.

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