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EBRD redirects €267 million from roads loan to repair Kyiv-Hungary highway

Ukraine's M-06 highway (Photo by Яцура via WikCommons, CC 4.0)

The European Bank for Reconstruction and Development (EBRD) said on Friday it is reallocating part of a Ukraine roads loan to direct €267 million for reconstruction works on the M-06 highway connecting Kyiv with Slovakia and Hungary.

With the total reallocation, the EBRD will fund emergency repairs on sections of the M-06 road heading west from Kyiv towards the Slovak and Hungarian borders, and commit the loan's second tranche of €160 million. 

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