The Cabinet of Ministers denied the statement about toll roads

News

The Cabinet of Ministers denied the statement about toll roads

29.07.2021 News

Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine.

The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them.

“I will explain why this information is not true, and what is really happening,” Kubrak wrote on Facebook.

He explained that public-private partnership projects are a format of “paying in installments” to an investor from the state, without a fare.

“In October 2020, the Ministry of Infrastructure, Ukravtodor, the World Bank and the International Finance Corporation in Ukraine presented the first public-private partnership program in the road sector. These are 6 sections of roads with a total length of 1,500 km, which were selected for potential PPP pilot projects:

  • Kharkiv – Dnipro – Zaporizhia (M-29, M-04, M-18),
  • Boryspil – Poltava (M-03),
  • Kherson – Mykolaiv (M-14),
  • Kyiv – Zhytomyr – Rivne (M-06),
  • Yagodyn – Kovel – Lutsk (M-07, M-19),
  • Dnipro – Kryvyi Rih – Mykolaiv (M-04 H11).

Within the framework of this project, the fare will not be charged, “Kubrak assured.

According to him, the investor’s contributions under such construction will be reimbursed at public expense, not from the pockets of drivers.

That is, in fact, it is a kind of payment format in installments, which is better known in the world as “availability payments” or “availability fee.” What is the benefit for the investor? This format of cooperation helps the state to accelerate the process of renovation and quality maintenance of roads, and the investor – to guarantee profits in the long term, “- explains Kubrak.

He also said that two potential concession projects are currently under development: the construction of the Stryy-Mukachevo road and the construction of the Krakovets-Brody-Rivne road.

The Minister also noted that the maximum cost of tolls is set exclusively for concession projects.

In addition, Kubrak added that the roads of the Great Construction would never be tolled.

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