Business news from Ukraine

INFRASTRUCTURE MINISTRY HAS THREE OPTIONS FOR FINANCING CONSTRUCTION OF A BIG ORBITAL ROAD AROUND KYIV

19 April , 2018  

The press service of the ministry reported that this was discussed at a meeting on April 16 chaired by Deputy Infrastructure Minister of Ukraine Yuriy Lavreniuk. Deputy Regional Development, Construction, Housing and Utilities Economy Minister Lev Partskhaladze, Deputy Chairman of the Kyiv City Administration Dmytro Davtyan, acting Deputy Chairman of Ukravtodor Oleksandr Kharchenko, representatives of the State Service for Geodesy, Cartography and Cadastre in Kyiv region, Kyivavtodor, Kyiv City Administration and Kyiv Regional Administration took part in the meeting.
Lavreniuk determined three financing options: at the expense of the national budget, attracting international investors or concession.
“It is necessary to solve all the problematic issues as soon as possible and start construction of the first stage of the big orbital road, which will relieve and save the roads of Kyiv, reduce the number of road accidents in the city, contribute to strengthening Ukraine as a transit state and development of the infrastructure of Kyiv region,” he said.
According to the ministry, at the end of the meeting all participants were instructed to submit proposals to the Ministry of Infrastructure in two weeks to find solutions to the problematic issues.

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