Poroshenko signs law on experiment to finance repair of some roads with customs duties

11:59, 08.09.2015 1 min read

Ukrainian President Petro Poroshenko has signed law No. 666-VII 'On amending Section IV of the Final and Transitive Provisions of the Budget Code of Ukraine regarding the experiment in Odesa, Volyn, Lviv and Chernivtsi regions to finance the reconstruction and current maintenance of state general-use roads,' the press service of the head of state has reported.

The draft law was passed by the Ukrainian parliament on September 3.

It is intended to financing for the reconstruction of the I-15 Odesa-Reni highway, and ongoing maintenance of the H-17 Lviv-Radekhiv-Lutsk road, the Lviv-Skole section of M-06 Kyiv-Chop road, and the T-14-24 Skole-Slavske road.

A total of 50% of over-target monthly indicative customs payments collected for customs clearance of goods in Odesa, Volyn and Lviv regions has been earmarked for use under the law.

The amendments will take effect on the first day of the month that follows the month when the law is published, and will be declared void on January 1, 2017.