Business news from Ukraine

KYIV WILL USE UAH 988.3 MLN FOR UPGRADING, UAH 189.2 MLN FOR HOUSING FACILITIES OVERHAULS IN 2016

25 December , 2015  

KYIV. Dec 25 (Interfax-Ukraine) – The budget of Kyiv and the program of socio-economic development for 2016 within the program “The upgrading of cities, towns and villages” foresee funds in the amount of UAH 988.312 million, of which UAH 612.56 million at the expense of the general fund, another UAH 375.751 million from the special fund of the national budget.

According to the press service of Kyiv City Council, of the total funding for the program UAH 435.954 million will be allocated for the repairs of the road network and facilities, another UAH 122.54 million for the overhauls of the road infrastructure.

In addition, the city authorities intend to spend UAH 251.319 million on the improvement and maintenance in a proper condition of green spaces in the city and the urban areas next year, states the report.

According to the city council, a total of UAH 120.038 million of the capital budget will be used for the maintenance and operation of external illumination networks, as well as their repairs and the purchase of the relevant equipment, UAH 58.204 million for the maintenance and operation of pump-room complexes, urban cemeteries and the repair of landslide protection waterworks.