Ukraine's roads benefit from Russian loan

Ukraine's state road company Ukravtodor will boost road repairs and upgrades with a loan from the Russian Sberbank.
February 28, 2012 Read time: 1 min
Ukraine's state road company 2780 UkrAvTodor will boost road repairs and upgrades with a loan from the Russian 3280 Sberbank. Worth US$376 million (?261.82 million) the loan will be used to improve key links in the country. High on the priority list of repairs and upgrades will be roads required for the Euro-2012 football event. The Ukrainian Government is the guarantor for the loan although the financial terms have not been released.
Asphalt milling, paving & compaction Concrete milling, paving & compaction

For more information on companies in this article

Related Content

  • Hungary, Ukraine plan border upgrades
    December 13, 2024
    This month crossings began for commercial vehicles between Beregsurany in Hungary and the nearby Ukrainian town of Astei.
    Read More
  • India unveils ‘economic corridor’ plans for 27,000km of roads
    September 21, 2016
    India has embarked on an ambitious 6-year plan to upgrade 27,000km of roads into economic corridors. The goal is to reduce traffic congestion and boost jobs in 30 cities, according to a report by the Times of India. Around 44 stretches of highway have been earmarked for improvement and construction will include ring-roads. Financing will be a mixture of private investment and public money. In addition, the government will develop another 15,000 km, which will serve as feeder routes to these corr
    Read More
  • India rural roads development programme
    November 17, 2017
    Although India’s highway development programme has been seen as a high priority for the country’s economic development, rural roads have been so far regarded as less important. However a new programme of rural road development is being set up in a bid to redress the balanace.
    Read More
  • Kosovo's award-winning green highway construction
    March 20, 2012
    A new highway is proving an economic lifeline for the tiny country of Kosovo – Mike Woof reports. Road projects in Europe rarely meet such widespread public approval and support as the new Route 7 highway being built in the new Balkan state of Kosovo. The first sections of the new road opened to traffic in November 2011, with locals turning out in large numbers to celebrate the event. The official opening was carried out by the country’s prime minister Hashim Thaçi, president Atifete Jahjaga, and members of
    Read More

Highlighted Content