State agency of Ukrainian Roads Attracted $376 Million Loans 

Monday, August 30, 2021
State agency of Ukrainian Roads Attracted $376 Million Loans 

SA “Ukravtodor” and six Ukrainian banks sign consortium loan agreement worth $376 

The loan is provided with collateral in the form of state guarantees for a period of 5 years. The interest rate is 4,9% per annum. Banks providing loans: 

  • Ukreximbank;
  • Oschadbank;
  • Ukrgasbank;
  • Tascombank;
  • Credit Dnipro Bank;
  • Pumb.

"We continue successful and fruitful cooperation with Ukrainian banks in the framework of the great construction. Let me remind you that in 2020 the agreement with Ukreximbank was one of the three main sources of financing a large-scale program of road construction and renovation. In the near future, we are considering such funding options not only for road and bridge infrastructure, but also airports, railways, marine and river infrastructure, etc.," said Oleksandr Kubrakov, minister of infrastructure of Ukraine.

Ukreximbank acted as a coordinating bank with a share of 45% of the total volume of the consortium lending project.

The funds received under the agreement will be used for the construction and renovation of roads under the presidential program Big Construction.

You will be interested