473 Million on Ukrainian Roads

by Olha Povaliaieva
Friday, November 5, 2021
2 MIN
473 Million on Ukrainian Roads

The Ministry of finance of Ukraine announced the amount for the reconstruction of highways and the implementation of road projects in 2022

The investment level can be raised by a sample of loans from international financial institutions.

We are talking about projects of international organizations operating on the territory of Ukraine. The most significant tasks for our country are working with the European Bank for Reconstruction and Development and the European Investment Bank, and the World Bank.

"Large-scale road repairs are ongoing throughout Ukraine. 95% of the roads were in ruins and had not been repaired for 20-30 years. Over the past 3 years, for the first time since the independence of Ukraine, thousands of kilometers of roads have been built within the framework of the president's program Big construction. They have a warranty period of service and contractors are required to correct deficiencies at their own expense. International organizations also provide loans for the reconstruction of roads," said the head of the subcommittee on highways and road facilities, Yuri Koryavchenkov.

Planned:

  • Reconstruction of the highway M-05 Kyiv — Odesa (on sections of the road in Cherkasy, Kirovograd, Mykolaiv, and Odesa regions);
  • Construction of a bypass of the city of Lviv from the north side;
  • Reconstruction of the M-03 highway on the Poltava — Valki section (Kharkiv region);
  • Repair of the M-01 highways on the Kyiv — Kopti section (Chernihiv region).
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