Ukraine plans to invest $11.4 billion in road infrastructureStaff Writer | January 12, 2018
The Ukrainian authorities plan to invest about $11.4 billion in the road infrastructure by 2023.
Transportation Ukraine has about 170,000 kilometers of roads
Within the next five years, the Ukrainian authorities plan to modernize some 9,100 km of highways and build or completely renovate about 1,000 km of other roads.
The document said that the roads modernization will spur the Ukrainian economy, boost the country's transit potential and create 55,000 jobs.
According to the Ukrainian traffic authorities, the East European country has about 170,000 kilometers of roads, with more than half of them are in need of major renewal.
Last year, two Chinese companies, the private Xinjiang Communications Construction Group Co., Ltd. and the state-owned Sinohydro Corporation Ltd., won tenders to modernize three key highways in western, northern and central Ukraine.
The road upgrading projects carried out by the Chinese companies will start later this year. ■