The bank lowered the interest rate on the second loan tranche compared with the base rate.
An agreement on commencement of preparation for the road reconstruction project has been signed.
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.
The president also stated the need to build new bridges over River Tisza on the Ukrainian-Hungarian border.
The Ministry of Internal Affairs has postponed the launch of traffic enforcement cameras until the end of the quarantine.
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.
In total, 60 kilometers of the H-14 Highway in the Mykolaiv region will be overhauled this year.
The winner of the tender is a Turkish company.
The head of state has promised that part of Naftogaz of Ukraine’s Stockholm arbitration award will be allocated for financing roads.
The experiment is being introduced for two years.
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.
According to Member of Parliament Honcharenko, these funds were saved thanks to the strengthening of the hryvnia.
Funds for financing road infrastructure will reduce by UAH 8 billion in 2020, compared with the previously announced amount.
The tender is for completion of construction of a bridge across River Dnipro in Zaporizhia, which has been under construction for 15 years.
Ukraine’s Prime Minister Oleksii Honcharuk and the EBRD’s President Suma Chakrabarti signed the document.
Prime Minister Oleksii Honcharuk and EBRD Vice President Alain Pilloux signed the document.
The toll on such roads could start at UAH 2 per kilometer.