Business news from Ukraine

Business news from Ukraine

CABINET INCREASES ESTIMATED COST OF BUILDING FIRST SUBWAY LINE IN DNIPROPETROVSK BY UAH 1.1 BLN

13 October , 2015  

KYIV. Oct 13 (Interfax-Ukraine) – The Cabinet of Ministers has adjusted the estimated cost of building the first stage of a subway in Dnipropetrovsk.

According to Cabinet decree No. 1055-r dated October 7, 2015, the total estimated cost of construction is UAH 5.618 billion as of September 20, 2013, while government resolution No. 571-r of June 25, 2012 previously declared that the cost as of April 20, 2012 was UAH 4.489 billion meaning that the estimated cost increased by UAH 1.1 billion.

In addition, the length of a two-track line will increase from 11.82 km to 13.16 km, the operational length will remain unchanged at 11.1 km.

New order No. 1055-r renders previous decree No. 571-r as invalid.

As of January 1, 2013, work worth UAH 522.639 million had been carried out.

As reported, the Verkhovna Rada in September 2014 ratified a financial agreement between Ukraine and the European Investment Bank (EIB) on the completion of work to build a subway in Dnipropetrovsk.