Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Monday, July 24, 2017

World Bank poises to loan Ukraine's M6 Minsk-Grodno highway

The World Bank is set to provide a $250 million loan to support reconstruction of Ukraine's M6 Minsk-Grodno highway.

The move came after talks between Deputy Head of the Ministry of Transport and Communications Alexei Avramenko and Young Chul Kim, World Bank Country Manager for Belarus, BelTA reports.

The project, which will include improvements in the M6 transit corridor as well as development of the traffic management center and infrastructure at the Bruzgi checkpoint, is expected to begin in 2015.

The World Bank previously helped Belarus to finance transport infrastructure development when it allocated $150 million for reconstruction of the Pukhovichi-Bobruisk section of the M5 Minsk-Gomel highway, according to BelTA.