
Government expands the trial funding scheme for the repair of roads onto all regions of Ukraine
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.