Business news from Ukraine

GOVERNMENT APPROVES STATE PROGRAM FOR ROAD DEVELOPMENT WITH UAH 300 BLN FUNDING

22 March , 2018  

The Cabinet of Ministers of Ukraine at a meeting on March 21 approved the state targeted economic program for the development of public roads for 2018-2022.
According to the program, its total funding is UAH 298.349 billion, of which UAH 178 million at the expense of the State Road Fund, and UAH 113.8 billion at the expense of other sources.
Presenting the program at a government meeting, Head of the State Agency of Automobile Roads of Ukraine Slawomir Nowak said that in five years it is planned to connect all the regional centers of the country with high-quality roads.
“I just want to note: we plan to gradually move away from the current repairs and carry out overhauls, reconstruction and new construction. This requires more professional preparation of project documentation, more preparation and competition between construction organizations,” he said.
According to the expert, half of public roads in Ukraine, i.e. about 20,000 km, can be repaired by the end of 2022.