The government also plans to additionally attract $1 billion in the context of cooperation with international financial institutions.
Read alsoDraft state budget for 2017 envisages 17% expenditure growth"The state budget expenditures [for road repairs] are projected at UAH 14.2 billion, just under excise tax revenues. I want the Ukrainian people to drive on good roads. It is our common position. It's possible to be achieved. Additionally, we can attract up to $1 billion from international financial organizations," Groysman said Thursday while presenting key provisions of the draft budget.
Read alsoUkravtodor to seek subcontractors to speed repairs of Kyiv-Odesa highwayAs UNIAN reported earlier, next month the government plans to submit for consideration of parliament a draft law on the establishment of the Road Fund. The Fund is designed to become a main mechanism for raising funds for road repairs.
Earlier, the government planned to allocate about UAH 30-40 billion for road repairs in 2017.
According to Ukravtodor, at least UAH 60 billion is needed every year for building and repairing roads in Ukraine. At this, over 90% of Ukrainian roads require overhauls or reconstruction.
