Business news from Ukraine

Business news from Ukraine

PROJECT OF HIGH-SPEED TRAINS GOING BORYSPIL AIRPORT TO BE COMPLETED IN 2018

16 February , 2018  

The Ukrainian government seeks to finish the implementation of a project on the high-speed train communication with the Boryspil international airport (Kyiv) in December 2018, Ukrainian Prime Minister Volodymyr Groysman wrote on his Twitter page on Friday. “It will be possible to get to the airport or to the city in 35 minutes. The price of the ticket is UAH 80-120,” he wrote.
The construction of a railway communication between Kyiv city and the airport should begin no later than June 1, the prime minister said. According to the project of Ukrzaliznytsia, which was supported by the Cabinet of Ministers, the train line is planned to be laid from the Kyiv-Pasazhyrsky station through the Vydubychi station to terminal D of the Boryspil airport, according to the government’s website.
“In fact, only 4 km of the road is needed to be completed,” the press service of the government said.
“Now there is a real technical solution. We are starting to implement it. All procedural moments need to be resolved before June 1,” the press service of the Cabinet of Ministers, quoting Groysman as saying.
The project will be coordinated by deputy Prime Minister Volodymyr Kistion.
According to the report, 11 PESA 620m trains with 91 seats, two PESA 630m trains with 192 seats, which will transport at least 2.67 million passengers per year, are planned to be used on the line.
In turn, acting Board Chairman of PJSC Ukrzaliznytsia Yevhen Kravtsov said on his Facebook page that the required amount of investment in the project is UAH 600-800 million. In particular, UAH 450 million is required for the construction of an overpass; UAH 100 million for tracks, platforms, reconstruction of the contact network; UAH 70 million for the construction of box depots and another UAH 100 million for the technical restoration of rail buses.
At the slides of the presentation presented by Kravtsov it is indicated that the project will greatly relieve the road infrastructure, reducing Kyiv’s road burden by 1,000 car and 30 bus trips per day.
As reported, Ukraine has the unrealized national project “Air Express” of railway passenger communication between Kyiv and Boryspil International Airport, construction of other infrastructure objects in Kyiv region, which is aimed at ensuring the development of transport infrastructure, strengthening the competitive positions of Ukrainian air carriers, increasing the investment and tourist attractiveness of the country.
To implement it, in 2011, a $372.3 million government secured credit agreement was signed with the Export-Import Bank of China. The CCEC was designated as the general contractor for performing turnkey construction works.