Ukraine will be able to invest 50 bln in road repair in a year - Omelyan

Ukraine will be able to invest 50 bln in road repair in a year - Omelyan

In 2019, UAH 50 billion will be allocated for the repair of Ukrainian roads due to the work of the Road Fund.

Infrastructure Minister of Ukraine Volodymyr Omelyan said this in an interview with Obozrevatel online portal.

"I think that we will reach it [the amount of UAH 50 billion for roads] in 2019. Because next year 50% of receipts from all excises will go to the Road Fund, 75% - in 2019 and 100% of excises from 2020 will go for fuel to the Road Fund," the head of the department said.

He noted that international financial organizations should also open credit lines for the construction of a number of highways through the territory of Ukraine.

"Perhaps, we will involve Chinese or other partners under state guarantees in order to get high-quality roads. We have already held negotiations with the largest Chinese company China Road and Bridge Corporation on the construction of the first concrete road in Ukraine, which will connect Odesa, Mykolayiv and Kherson," Omelyan added.


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