MINSK, 11 September (BelTA) - The European Bank for Reconstruction and Development (EBRD) is exploring the possibility to co-finance the reconstruction and modernization of 12 bridges and M3 Minsk-Vitebsk Motorway section in Belarus, BelTA has learned from the EBRD website.
The project will support Belarus' economic development and bring operational efficiency from improved regional infrastructure through reconstruction of bridges and will facilitate transportation efficiency on the North-South corridor. The project will target institutional and governance improvements in the Belarus road sector, with a focus on road safety
The total cost of the project is estimated at €375 million. If approved, the project will get €240,000 from the EBRD. The loan will be given to the Ministry of Transport and Communications that will be responsible for the project implementation.
The EBRD Board of Directors is expected to review the project on 13 November.
