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Poroshenko sign law on building of roads on terms of concession

The law will come into force the next day after the publishing
15:31, 22 March 2018

president.gov.ua

Petro Poroshenko, the President of Ukraine signed the law of Ukraine 'On making of amendments to some legislative acts of Ukraine in the sphere of building and exploitation of auto roads' as the press service of the presidential administration reported.

Related: Ukraine to raise road repairs by half in 2018 – Deputy Prime Minister

It is expected that the law will further the creation of the conditions for the attraction of the investments for building and exploitation of the roads on the terms of concession.

The amendments will be made to the Ukrainian laws 'On concessions', 'On concessions' for the building and exploitation of the auto roads', 'On auto roads', 'On sources of financing of road maintenance of Ukraine', On exclusion of land plots of other objects of the immovable property placed on them, privately-run for the public needs or based on the public necessity'.

Related: Road toll in Ukraine to be cheaper than in EU, - Ukravtodor’s Head

The law will come into force the next day after the publishing.

The concession is a type of the agreement on the creation or the reconstruction by the funds of the investor of the objects of the immovable property to the state property and the investor gets the possibility to exploit the object on the reimbursable basis, gathering the income in his benefit.

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