World Bank funds to help repair transport infrastructure in Ukraine

The World Bank has said it has approved USD 50 million in financing to help repair transport infrastructure in Ukraine.

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Image by Stephen Bayer from Pixabay

The bank said at the end of last week that the funds would be used to "repair and restore Ukraine's bridges and railways, which are crucial for supporting humanitarian relief and recovery as well as increasing the country's import and export corridors."

Today @WorldBank announced $50 million in financing to repair and restore #Ukraine’s bridges and railways, which are crucial for supporting humanitarian relief and recovery as well as increasing the country's import and export corridors: https://t.co/l8vZPtHJPJ pic.twitter.com/7oUrfD5FT2

— World Bank Europe and Central Asia (@WorldBankECA) February 10, 2023

The World Bank also announced additional funding for Ukraine of up to USD 535 million "envisaged to follow shortly."

The bank's Vice President for Europe and Central Asia, Anna Bjerde, said that Russia’s invasion of Ukraine "continues to have devastating economic and humanitarian consequences."

She added that “Ukraine needs urgent investments to repair damaged essential transport routes."

This @WorldBank financing will help repair bridges and railways in #Ukraine and contribute to #SolidarityLanes—relinking communities and improving westward transport linkages that will bolster the country's economy and restore essential services to its population. https://t.co/ucPrbB1rfk

— Anna Bjerde (@bjerde_anna) February 10, 2023

According to World Bank estimates, "upwards of 2,100 villages, 51 towns, and 35 cities in areas that have returned to Government of Ukraine control are experiencing disrupted transport networks due to war."

Monday is day 355 of Russia’s invasion of Ukraine.

(gs)

Source: PAP, worldbank.org