Debt to 'Autostrada' amounts to UAH 15 bln; company hopes to resume financing for key projects
The debt owed to "Autostrada" for work already completed amounts to approximately UAH 15 billion; the company hopes to resume funding for key projects, founder of the Autostrada group of companies Maksym Shkil told Interfax-Ukraine.
Autostrada, a leading infrastructure construction company in Ukraine, has accrued approximately UAH 15 billion in debt for completed projects. Founding member Maksym Shkil revealed to Interfax-Ukraine that the company is optimistic about resuming funding for key projects. Of the total debt, UAH 6.5 billion is already held by the Treasury, but these payments have not been processed for a week.
Shkil noted that nationwide suspension of payments for capital expenditures from state and local budgets has led to the government's winter preparations not being funded. He claimed that the decision to halt funding came abruptly, without discussion. Upcoming Autostrada projects include highway repairs, energy facility protection, and Zaporizhia-Tomakivka-Marharets water pipeline maintenance.
Regarding Kyiv, the company's metro construction projects have been adjusted due to a city budget cut. Shkil expressed hope for Prime Minister Koretsky's support and called for a constructive dialogue between businesses and the government. Autostrada Group, known for its work in road, bridge, and industrial construction, reported a dramatic drop in profits and revenue this year due to the government's freeze on capital expenditures.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
