Business news from Ukraine

GOVERNMENT ALLOCATES UAH 134 MLN FOR ODESA-RENI ROAD CONSTRUCTION

13 May , 2016  

KYIV. May 13 (Interfax-Ukraine) – The Cabinet of Ministers on May 11 decided to allocate UAH 134 million for building the Odesa-Reni highway, Prime Minister of Ukraine Volodymyr Groysman has said.

“You can already count on this resource and use it to the full,” the prime minister told the leadership of Odesa region at a conference call.

As reported, in late April President of Ukraine Petro Poroshenko held a meeting with Prime Minister Volodymyr Groysman, Infrastructure Minister Volodymyr Omelyan and Head of Odesa Regional State Administration Mikheil Saakashvili to accelerate the construction of the Odesa-Reni road. The officials defined sources of funding from the national budget, customs revenues and those from EU states. It was also agreed the construction will begin in late May.