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The Ministry of Infrastructure Ukravtodor considers a possibility to repay Ukravtodor’s loan by means of issuing bonds under government security

July 23, 2015 Ukrainskie novosti
The Ministry of Infrastructure Ukravtodor considers a possibility to raise funds for repaying State Agency of Automobile Roads Ukravtodor’s loan by means of issuing bonds under government security. This was reported by Director of Department of Strategic Development of the Road Market and Road Transport of the Ministry of Infrastructure Roman Khmil at a visiting briefing on Wednesday. “How can we cope with the Ukravtodor’s loan debt burden? The Ukrainians should pitch in. It would be right to issue government securities, and to attract peoples’ money”, – he announced. Khmil also noted that the implementation of this decision is complicated by volatility of local currency rates. According to his words, the Ukrainian citizens, in the estimation of specialists, have from USD 50 to 100 bln of personal savings not kept on accounts of financial institutions, and it would be right for the government to attract not external loans, but the citizens’ money, and in the long run to pay interests to its own population. As the agency reported, earlier Ukravtodor informed on its liabilities owed to contracting companies in the amount of UAH 2.1 bln for reconditioning of roads. Republication, copy or any information display with the link to “The Ukrainian News Agency” is strictly prohibited.
Company — Ukravtodor
  • Full name
    Ukravtodor
  • Registration country
    Ukraine
  • Industry
    Other sectors