Ukravtodor to receive second tranche of loan under state guarantees in June

"We depend on construction plans, but the next tranche will be in June," Ukravtodor Head Oleksandr Kubrakov said in a comment to Ukrinform.

He also noted that on April 30, Ukravtodor received the first tranche of the loan under state guarantees. JSC Ukreximbank redeemed five-year bonds of Ukravtodor in the total amount of UAH 5.782 billion.

According to Kubrakov, the Agency will invest the funds raised through loans in projects that are already under construction (Zaporizhzhia bridge, Dnipro-Reshetylivka highway, M-09 and M-19 highways), and projects the work on which has not yet begun.

As Ukrinform reported, on April 30, JSC Ukreximbank and the State Agency of Automobile Roads of Ukraine (Ukravtodor) signed an agreement on financing of road construction in the amount of more than UAH 5.7 billion. Funds are provided under state guarantees. In total, Ukravtodor will be able to attract UAH 19.3 billion under state guarantees this year.

In 2020, Ukravtodor plans to spend UAH 90.2 billion on the repair and construction of more than 4,000 kilometers of principal roads.

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