Business news from Ukraine

CABINET APPROVES COMPENSATION WORTH UAH 742 MLN FOR INTERNATIONAL ROAD AGREEMENTS FOR 2015-2017

24 July , 2015  

KYIV. July 24 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved compensation worth UAH 742.208 million for costs associated with the implementation of international agreements on the construction, reconstruction and overhauls of the following highways: Kyiv-Kovel-Yahodyn, Kyiv-Chop, Kyiv-Odesa, Kyiv-Znamyanka, Kyiv-Kharkiv-Dovzhansky, Kyiv-Chernihiv-Novi Yarylovychi.

This is stipulated in government decree No. 498 of June 17, 2015 on some issues of using funds in 2015-2017 raised in the previous years under state guarantees by the State Agency of Automobile Roads.

The Cabinet has approved the list of works on the construction, reconstruction and overhauls of public roads of national importance for the realization of joint projects with international financial institutions and the volume of their funding in 2015-2017 at the expense of money raised in the previous years under state guarantees.

The sum indicated is UAH 104.2 million.