An agreement on commencement of preparation for the road reconstruction project has been signed.
The current priority is the first phase of the bridge, which will link the part of the city located on the right bank of River Dnipro with a coastal highway.
International engineering companies will now begin monitoring construction of roads in Ukraine. It is not cheap, but it should improve the quality of roadworks and bring Ukraine a step closer to the standards of international financial institutions.
Ukravtodor plans to begin rehabilitating the first 30 bridges under its bridge rehabilitation program in May this year.
The president also stated the need to build new bridges over River Tisza on the Ukrainian-Hungarian border.
The Ukravtodor bonds are redeemable by the state-owned Ukreximbank.
Companies will be involved in monitoring compliance with design decisions and road standard requirements, as well as in monitoring the quality of work.
According to Kubrakov, construction of 40% of the facilities that were planned for this year has already begun.
The loan funds will be spent on 100 road construction projects approved by the government.
The new head of Ukraine’s State Automobile Road Service discusses the three scenarios for repair of roads this year, the cost of repairing one kilometer of road, and the change of personnel.
Ukravtodor is considering the possibility of issuing Eurobonds to raise funds for financing construction of roads.
According to Member of Parliament Honcharenko, these funds were saved thanks to the strengthening of the hryvnia.
Ukravtodor has a new leader.
Nowak headed Ukravtodor for three years.
Repairs of 319 roads are scheduled for 2019.
UAH 600 billion is needed for repair of state roads and almost the same amount is needed for repair of local roads.
Slawomir Novak believes that toll fees will not be higher than the minimum toll fees in Europe.
The works will be financed by the EBRD and the EIB.
The State Road Agency made the largest amount of savings
Some assets in the road industry are to be privatized by the year 2020