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

  • Transstroy’s ambitions for Sochi 2014 Olympics and beyond
    September 30, 2013
    Igor Pankin is CEO of Transstroy, one of Russia’s largest transport infrastructure construction companies, a part of Oleg Deripaska’s Basic Element group. Created in 1992, the company has completed major construction projects with a combined worth of more than €4 billion (RUB 121 billion) The Olympic motto, ‘Swifter, Higher, Stronger’, is very appropriate for the Sochi 2014 Winter Olympics – and not just in reference to the action in its stadiums and on its slopes. The city has been transformed from a small
    Read More
  • Funding for Nicaragua road improvements
    November 9, 2017
    Road improvements in Nicaragua will now be paid for through a loan from the Central American Bank for Economic Integration (CABEI). The US$238 million loan will fund a series of upgrades to a total of 194km of key road connections in the country. A further $5 million of funding is being provided by the Nicaraguan Government. The work will form the country’s seventh programme for road improvements will commence in 2018 with six separate projects being carried out.
    Read More
  • Australia’s key road upgrade
    May 20, 2015
    A major highway project could boost connectivity in Australia. The country’s South Road upgrade would cost close to US$5.43 billion (A$7 billion) over the next 10 years. The proposal is to turn the South Road in Adelaide into a non-stop north-south corridor. To complete the work, another 34km of road needs to be developed. The strategy shows 10 different road projects need to be finished at a total $5.38 billion in today's money, and does not include two projects that have already received financing, namely
    Read More
  • The importance of road maintenance
    July 15, 2015
    Gülay Malkoc discusses the importance of investing in road maintenance.
    Read More

Highlighted Content