Bouygues Travaux Publics SAS (France) has expressed interest in participating in the construction of concession roads in Ukraine and has signed a memorandum on a preliminary feasibility analysis and operation of two roads around the Ukrainian capital, Kyiv.
The agreement was signed with the State Agency of Motor Roads of Ukraine (Ukravtodor) on 25 June, the press service of the Office of the National Investment Council of Ukraine has announced, Interfax-Ukraine reports.
“We hope that it will lay the foundation for cases of successful construction of concession roads in Ukraine. It is a very important day for Ukraine, as the large French investor Bouygues, which operates across some 90 countries throughout the globe, is interested in getting involved in these projects. We also expect a new piece of legislation on concessions that the Ukrainian parliament is supposed to introduce over the summer, which is likely to attract even more worldwide corporations to the transportation infrastructure of Ukraine,” the press service stated citing the Office project manager and advisor to the infrastructure minister Nadiya Kaznacheyeva.
The agreement provides for the development of a preliminary feasibility analysis for the construction and operation of a highway between the capital, Kyiv, and Bila Tserkva on concession terms and the building of the first stage of the Veluka Okruzhna road around the capital (a new portion of the M-06 Kyiv-Chop highway to the M-05 Kyiv-Odesa highway).
The Office also said that the length of the first stage of the ring road will be 51 km long, while the road between Kyiv and Bila Tserkva is likely to reach 50 km. The total cost of the project is estimated at around $300 million.
Established by Francis Bouygues in 1952, Bouygues Group is an industrial group headquartered in the 8th arrondissement of Paris, France. Since 1989, the corporation has been led by Martin Bouygues. With established operations across 90 countries of the world, Bouygues Travaux Paublics SAS currently employs over 115,000 workers worldwide and has a capitalization of more than EUR 15 billion.
According to its website, Bouygues in 2007-2017 took part in the construction of a new shelter facility over the destroyed Chornobyl nuclear power plant.