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Kyiv plans tender for cable road worth $21 million

Source : 112 Ukraine

Kyiv Investment Agency announces plans for near future
20:13, 4 January 2018

Open source

Kyiv Investment Agency is planning to organize an investment tender worth $21-22 million for the construction of a cable road from Kyiv’s Postal square to Trukhaniv island, head of the agency Oleh Mistyuk announced, Interfax-Ukraine reports.

Related: Kyiv Investment Agency raised over $71 million in 2014-2017


“We are about to announce an investment tender for the construction of a cable road over the Dnipro between Postal square and Trukhaniv island. This project is estimated to be worth in the region of $21-22 million. After that we are planning to focus on a project for seven transfer stations via Bereznyaki to Rusanivka”, Mistyuk explained.

Related: Traffic on Kyiv-Odesa highway partially restored

According to Mistyuk, the project will significantly reduce travel time between Rusanivka or Bereznyaki and European square.

“One of Ukraine’s state-owned banks is involved in the analysis of this project. Also, we are going to seek assistance from IFC in order to determine whether or not the project is likely to become a relevant transport solution”, - head of Kyiv Investment Agency added.

Also, two global investors (operating with up to $1 billion annually) are ready to create a brand new neighborhood in Telychka, around the Vydubychi subway station. According to Mistyuk, such projects assume that the city administration manages to assign funds to purchase land, and seeks to attract a global investor to the project. The land in the area is currently leased to 14 different lessees. Although almost all of them have found new locations elsewhere and are ready to move, it is difficult to gather all of them in a single agreement on land purchase.

“When a city in a developed country sees demand from a global investor, it needs to quickly find the money to purchase the plot of land within 1-3 years and give it back to communal ownership. After that, the project’s impact on the urban landscape, set up communications and then offer the investor a deal”, - he explained.

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