Following the initiative of the Ministry of Finance, the Government approved at its session March 3, the draft decree “On Amendments to the Decree of the Cabinet of Ministers Nr. 726 dated September 16, 2015” (experiment for the funding of the road network development).
What’s it about?
The experiment for the development of the general motorways network was launched on September 1, 2016, in Volyn, Lviv, Odessa and Chernivtsi regions as well as in the city of Kyiv.
The new decision of the Government expands the experiment onto the entire territory of the country while prolonging it till January 1, 2018.
The implementation of the experiment on this scale does not require any additional funding from the state budget and local budgets.
It is also planned that 50% of the customs revenues achieved above the target figures in all regions of Ukraine shall be transferred to develop the road network in the respective regions.
What’s the advantage?
The extension of the experiment for the funding of the general road network development will positively contribute to the social and economic development of the regions of Ukraine.