Wednesday, October 7, 2009

Poltava City Council has announced bypass highway construction ahead of Euro 2012 finals

One of many weak points of Ukrainian roads is a lack of bypass highways and flyover crossing. By preliminary calculations an approximate cost of the project is about 485 million hryvnas (400 million SEK). This number doesn’t include compensation to be paid to the seized land owners. Ukrainian Government has proposed to the Verkhovna Rada (Ukrainian parliament) to increase in 2009 the financing for the construction and reconstruction of roads in six cities hosting the finals of the Euro 2012 European Football Championship. Moreover, the government foresees additional UAH 5 billion in state guarantees to road building company Ukravtodor to raise loans for the development of roads of national importance ahead of Euro 2012 finals.