Kyiv, July 31 (Interfax-Ukraine) – The state's debt to T.M.M. Firm LLC development and construction company (Kyiv) for work performed within the project to build a complex of administrative buildings of the Higher Economic Court and the Higher Administrative Court of Ukraine in Kyiv currently is about UAH 7 million, company CEO Mykola Tolmachev has said at a press conference at Interfax-Ukraine in Kyiv.

"The budget, taking into account the work performed in June, owes us about UAH 7 million, but they have not paid for work performed in March," he said.

Tolmachev said that because of underfunding from the national budget T.M.M. is forced to invest own funds in the realization of the project at this stage.

He also said that by July 30 only UAH 10 million from the previously planned UAH 200 million for 2014 according to the signed contract had been allocated for the construction of the buildings of the Higher Economic Court and the Higher Administrative Court of Ukraine.

"Apparently, this is related to the poor filling of the budget. The work is being continued, but very, very slowly," he added.

As reported, T.M.M. in October 2013 won the tender for the construction of administrative buildings of the Higher Economic Court and the Higher Administrative Court of Ukraine on a land plot of 4.299 hectares at the intersection of Druzhby Narodiv Boulevard and Staronavodnytska Street in Pechersky district in Kyiv for a total of UAH 1.105 billion (including VAT).