KIEV, Feb. 27 - Mostobud and Sun Land Group Corp. of the United States signed a $7 billion agreement Tuesday on construction of bridges in Ukraine.

"This project will become the first phase of a massive project to build roads in Ukraine ahead of the UEFA European soccer championship in 2012 at a total cost of UAH124.5 billion [$24.7 billion]. The Sun Land Group Corp. received a contract in September 2007 for the management and financing of the project," the Kiev-based bridge builder announced.