KYIV. Sept 1 (Interfax-Ukraine) – Arca Industry Ukraine, the subsidiary of Czech Arca Capital, has signed a trilateral memorandum with Ukrainian-Polish enterprise with foreign investment UPS (Dnipro) and Investment Service Ukraine (ISU).
According to their joint press release, the scope of the memorandum is consolidation of efforts aimed at uniting assets and facilities of 11 Ukraine construction companies on the basis of UPS and joint operations of the memo parties in construction of roads, highways and other infrastructure facilities all over Ukraine.
Czech investors have plans for next year. They want to build roads for EUR 150 million, increase the road construction machinery fleet by 100 units, employ 300 workers and modernize production facilities.
“We are interested in the start of durable and fruitful business relations with a group of Ukrainian enterprises, as we know that infrastructure development and new logistics opportunities is a top priority issue of the state. We are determined to invest into operations of the group of construction companies, Director Arca Industry Ukraine Pavol Krupa said.
He said that the audit has been started. It will last for three months with the involvement of international audit company Kreston GCG. The negotiations with the European Bank for Reconstruction and Development (EBRD) on the additional financing are being held. It is planned to have consultations and design proposals on joint implementation of cooperation.
“At the stage of cooperation with the Czech company, we plan to expand and acquire at least three mobile asphalt concrete plants. Our Czech partners are ready to share their experience and latest developments and technologies in the construction of roads, bridges and other complex engineering structures within our cooperation. We are also discussing the provision of the technological process with better environmental friendliness,” a representative of UPS Taras Paliy said.
