Business news from Ukraine

UKRAVTODOR SEEKS TO JOIN REGIONAL CENTERS OF WESTERN UKRAINE WITH HIGH-SPEED HIGHWAYS

The State Roads Agency of Ukraine (Ukravtodor) plans to implement a project to develop a network of roads in western Ukraine in five years, Ukravtodor has said in its Telegram channel.
The project provides for the connection of the regional centers of western Ukraine with each other and with existing transport corridors by high-speed highways with a permitted speed of 110-130 km/h.
The full implementation of the project is planned to be completed in five years.
Ukravtodor said that in 2020 the project for the construction of the Lviv Northern Orbital Road, as well as the first stage of the Dubno, Stryi and Ternopil orbital roads, is ready for implementation. Financing of orbital roads of these cities is provided at the expense of borrowed and grant funds of international financial institutions.
At the same time, international agreements on financing these projects have already been concluded, and procurement procedures will be announced in the coming months.

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