KIEV - Ukraine and the European Union (EU) will jointly
finance the "Go highway" project, which would establish a new transport
corridor on the Silk Road, Ukrainian Infrastructure Minister Volodymyr
Omelyan said on Tuesday.
"The EU is ready to partially finance our 'Go highway' project that
will connect the Baltic Sea and the Black Sea," Omelyan told reporters
after meeting with Henrik Hololei, the European Commission's
director-general for mobility and transport.
Last year, Ukraine has launched the project to connect four Black Sea
ports in southern Ukraine and two Baltic Sea ports in northern Poland.
The new transport corridor stretching for 1,746 km will cost about 2
billion euros (about $2.4 billion). It is set to be completed within
The Ukrainian Infrastructure Ministry said earlier that the project
will boost Ukraine-Europe trade by reducing the cargo delivery costs.
According to the ministry, it will also contribute to developing
China-EU trade and to strengthening Ukraine's transit positions on the
China-proposed modern Silk Road.