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Government expands trial funding scheme for roads repair onto all Ukrainian regions
06.03.2017 16:59 "Agro Perspectiva" (Kyiv) —
At its session March 3, the Ukrainian Government, following the initiative of the Ministry of Finance, approved the draft decree «On Amendments to the Decree of the Cabinet of Ministers Nr. 726 dated Sept 16, 2015» (experiment for the funding of the road network development), Government Portal reports.
It is to be reminded, the experiment for the development of the Ukrainian general motorways network was launched on Sept 1, 2016, in Volyn, Lviv, Odessa and Chernivtsi regions as well as in the city of Kyiv.
As to the report, the new decision of the Government expands the experiment onto the entire territory of the country while prolonging it till Jan 1, 2018.
The implementation of the experiment on this scale does not require any additional funding from the State budget and local budgets.
It is also planned that 50% of the customs revenues achieved above the target figures in all regions of Ukraine shall be transferred to develop the road network in the respective regions.
It is expected that the extension of the experiment for the funding of the general road network development will positively influence the social and economic development of the Ukrainian regions.
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