Credit funds appropriated by international financial organizations for the roads construction in Ukraine are the part of the salary of each Ukrainian worker who pay taxes in a fair way. And accordingly, every centimeter of road, from the CoST projects, was built (or is planning to be built) for taxpayers’ money. Taking into account the total amount of loans for all projects between Ukraine and international financial organizations (IFOs) and also the number of Ukrainian workers, we can approximately calculate that 73% of monthly salary every taxpayer will give to repay borrowed international loans for construction / reconstruction of roads.
So the latest projects between Ukraine and international financial organizations are:
According to the State Statistics Service of Ukraine at the beginning of August 2016 there are 16,054,800 people of economically active population in Ukraine. By counting the total amount of the latest IFOs loans and making some simple mathematical operations, we can summarize: 3898.3 hryvnas every Ukrainian worker will pay for repayment of the World Bank, EIB and EBRD loans within five road construction/repair projects in Ukraine over recent years. That is 73% of the average monthly salary (according to the State Statistics Service of Ukraine the average salary in June 2016 was 5337 UAH).
Interestingly, 3898.3 UAH for the average motorist are equal to:
So, planning the family budget for a month and calculating money for rent, food, clothing and amusement, remember that some of them is your “contribution” to repair/construction of Ukrainian roads. Therefore, check, ask, elaborate how the procuring entities manage your money.
* Please note that the calculation of payments on loans per one Ukrainian worker is conditional and does not include debt service.