World Bank to give Ukraine $200 million for the construction of new roads
The Prime Minister of Ukraine, Arseniy Yatsenyuk, stated during a meeting with the Head of the Poltava Regional State Administration that the World Bank plans to allocate $200 million for the construction of roads in Ukraine, the Government Portal reports.
Yatsenyuk noted that capital spending will not be in the project estimates in 2016 but will be directed solely to projects to be commissioned in the current year. The part of capital expenditure would be directed to the repair of roads.
In 2016 the Municipal Corporation "Kievavtodor" will receive about 329 million hryvnias ($12.5 million) for the repair of roads in the capital of Ukraine. UAH 240 million ($9.5 million) will go to “repair and reconstruction” of roadways while 89 million will be allocated to "patch" repairs.