The State Automobile Roads Agency, also known as Ukravtodor, even if the funds from reprofiling of government domestic loan bonds are sent to the company, would not be able to use them in 2017, Ukravtodor head Slawomir Nowak has reported.
“If this was the money sent to the public road fund, it would have been a better approach. Having this money at the beginning of the year we could start works in March as it must be. I can say nothing about these funds now. I will take them in December, and we would not be able to use them this season,” he said.
In February Ukrainian Prime Minister Volodymyr Groysman said that the reprofiling of government domestic loan bonds belonging to the National Bank of Ukraine (NBU) was backed by the Ukrainian president. It would allow increasing the financing of road construction by UAH 15 billion in 2017, to UAH 35 billion.
In the middle of July it was reported that the Finance Ministry and the NBU had not yet approved the final conditions for reprofiling of the bonds. (Interfax-Ukraine/Business World Magazine)
