KIEV, March 2 – Ukraine's Cabinet of Ministers has approved a UAH 8.7 billion state-funded targeted program for the development of 17 Ukrainian airports through 2023.

The program is aimed at improving management of the airports' property, it will be conducive to the development of transportation by air and have a positive economic effect on the development of all Ukrainian regions, the government said in a press release.

Under the program, aviation transport infrastructure should be brought in line with international standards and Ukraine is expected to strengthen its status as a transit state due to its unique geographic location. What is more, the program is designed to improve the efficiency of state-owned property management.