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Sun February 28 2021

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Funding approved for tunnel linking Ukraine with EU

21 May 14 The European Investment Bank (EIB) is lending €55m (£45m) for the construction of a railway tunnel linking Ukraine with the EU.

The tunnel, located in the Carpathian Mountains at Beskyd in south-west Ukraine, will be 1.8km long and have twin-tracks.  It will replace the existing single-track tunnel, which is the only single track section of the line on the otherwise twin-track electrified corridor between Lviv and the Hungarian and Slovak borders. After completion, the new tunnel will add significant transport capacity at a notorious bottleneck on an international rail corridor.

EIB vice-president László Baranyay, responsible for lending operations in Ukraine, said: “The EIB is sending a strong message by providing a loan to Ukraine that will finance the upgrading of interconnections along a crucial transport corridor that is of the utmost importance for the further deepening of the integration between Ukraine and the European Union. At the same time, this is the first EIB loan supporting the railway sector in Ukraine, so contributing to the development of an environmentally friendly mode of transport.”

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