Ukravtodor to invest €547.96mn in Ukrainian road building and repair

UkrAvTodor state highway agency is to invest €547.96 million (UAH 6.7 billion) in road construction and repair in Ukraine in 2014. The agency secured the sum via bond placement in 2012-2013.

The head of UkrAvTodor, Evgeniy Prusenko, says there are plans to build a traffic artery across the Dnieper River, along with the fourth stage of Donetsk orbital road, and the second stage of Dnepropetrovsk Southern bypass road. UkrAvTodor will also complete construction of Lubna bypass road on the Kiev-Kharkov highway, renovate the whole highway, and repair Kiev approach roads.