Page 57 - UKRRptJan21

is being matched by a second €450mn loan from the European Investment Bank.
9.1.4 ​Construction & Real estate sector news
Big government spending on infrastructure is singlehandedly pulling the construction sector into positive territory in 2020​, according to analysis by Alfa-Bank Ukraine. Through October, construction is up by 1.9% y/y. A 10.6% rise in infrastructure investment was enough to offset a 18.7% drop in housing construction. Alfa reports: “Spending on roads more than doubled compared to the previous year.”
57​ UKRAINE Country Report​ January 2021 ​ ​www.intellinews.com