Ukravtodor to receive $376 million loan from six Ukrainian banks

Ukrainian state road agency Ukravtodor will get a $376 million loan from six Ukrainian banks — Ukreximbank, Oschadbank, Ukrgasbank, Credit Dnipro Bank, Pumb and TAScombank, Yevhen Metzger, the chairman of the board at Ukreximbank announced on Aug. 28.

The loan will help Ukravtodor finance Ukraine’s large-scale infrastructure program called Big Construction, initiated by President Volodymyr Zelensky in 2019 to rebuild the 170,000-kilometer network of Ukraine’s crumbling roads.