The European Bank for Reconstruction and Development and the International Finance Corporation will work with the Ukrainian government to attract private-sector investment and improve the country’s infrastructure, while creating jobs and accelerating economic recovery. EBRD and IFC, together with the Global Infrastructure Facility, will support Ukraine’s state road agency Ukravtodor in structuring public-private partnership projects that will reconstruct two road segments in eastern and western Ukraine. A private-sector partner – to be chosen through an international competitive bidding process – will finance, operate and manage the upgrade of nearly 422 km of existing roads that are vital for national freight logistics, in line with good international industry practice.According to the government, properly structured PPP projects can help Ukraine’s road sector to attract investments worth around USD 9 billion, addressing the country’s significant infrastructure needs. The EBRD and IFC will help Ukravtodor to mobilise financing and expertise to prepare comprehensive projects that will support the maintenance and expansion of the road capacity, while ensuring improved services and road safety.Modernisation of the two roads, worth more than USD 500 million, is part of the state-backed road PPP programme, one of 21 potentially viable projects selected by an IFC-World Bank assessment. While the projects are expected to be executed in three phases, the first two pilot projects on the Kharkiv-Dnipro-Zaporizhia and Yahodyn-Kovel-Lutsk road segments are likely to be finalised by 2022.