The Cabinet of Ukraine allowed State Service of Roads to raise $100 million credit out of "Deutsche Bank." The credit will be spent on construction of highway "Kiev-Odessa."
The corresponding resolution №741 was passed by the Cabinet of Ukraine on August 12, 2005. It is called “On attraction of foreign credit for finishing of highway reconstruction "Kiev-Odessa." 

The Cabinet of Ukraine also passed the guarantee draft resolution on this credit. The credit will be given against state security at LIBOR+2.7% of interest per annum.

We remind that "Deutsche Bank" is a winner of tender conducted in July. The reconstruction of this highway part "Zhashkov-Krasnoznamenka" will be finished in November.     

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