Foreign investors are to get the chance to invest in this massive spending by buying sovereign-backed infrastructure bonds in a new $3 billion state fund

Foreign investors are to get the chance to invest in this massive spending by buying sovereign-backed infrastructure bonds in a new $3 billion state fund, reports Ukravtodor, the state highway agency. Under development with the EBRD, the state fund would be subject to international arbitration, and would have an independent supervisory board. To get Ukravtodor in shape for foreign investment, 30 EBRD specialists are working at the agency to put all tenders on line and ensure that procurement follows Western standards.