Road Fund starts to work: UAH 47 bln to be allocated on Ukrainian roads

Road Fund starts to work: UAH 47 bln to be allocated on Ukrainian roads

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Ukrinform
The Road Fund started to work in Ukraine on 1 January 2018. About UAH 47 billion will be allocated on Ukrainian roads in 2018.

"The automobile roads will for the first time receive the government-guaranteed funding. This year, almost UAH 33 billion will be allocated apart from separate additional financing of a number of key highways in the amount of more than UAH 14 billion," Ukrainian Infrastructure Minister Volodymyr Omelian wrote on Facebook.

The minister added that starting from 2018 the Ukravtodor (State Agency of Automobile Roads of Ukraine) would be responsible only for 50,000 kilometers of roads, while the remaining 120,000 would be subordinated to the regional level with the guaranteed funding from the Road Fund in the amount of 35% of its revenues.

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