The State Agency of Automobile Roads of Ukraine (Ukravtodor) plans to receive the second tranche of the loan under state guarantees in June.
“We depend on construction plans, but the next tranche will be in June,” Ukravtodor Head Oleksandr Kubrakov said.
He noted that on April 30, Ukravtodor received the first tranche of the loan under state guarantees. JSC Ukreximbank redeemed five-year bonds of Ukravtodor in the total amount of UAH 5.782 billion.
According to Kubrakov, the agency will invest the funds raised through loans in projects that are already under construction (Zaporizhzhia bridge, Dnipro-Reshetylivka highway, M-09 and M-19 highways), and projects the work on which has not yet begun. (Ukrinform/Business World Magazine)