The Ukrainian government seeks to raise large investment for development of the road sector in 2017, Infrastructure Minister Volodymyr Omelyan has said.

"We additionally plan to raise up to $1 billion from international financial institutions (IFIs). Work in H2 2016 will show how realistic this figure is," he said at a briefing in Kyiv last week.

The ministry recalled that the draft 2017 national budget submitted to parliament on September 15 preliminarily has UAH 14.2 billion for financing the road sector next year.

"The key goal of the Infrastructure Ministry [working on the draft national budget] is to approve the rhythmic financing of the road sector. Preliminarily, before the consideration by parliament, it is planned to provide UAH 14.2 billion next year and create the road fund that would be a tool for effective development of automobile roads in the country," Omelyan said.