Business news from Ukraine

Business news from Ukraine

KYIV SEEKS TO SEND SOME UAH 23 BLN TO MODERNIZE INFRASTRUCTURE, TRANSPORT BY 2019

7 December , 2016  

KYIV. Dec 7 (Interfax-Ukraine) – Kyiv authorities seeks to find around UAH 23 billion to modernize the overland transport network and infrastructure and similar programs by 2019.

The information is outlined in the updated action plan for 2016-2018 to implement Kyiv development strategy by 2025. The plan was approved by lawmakers of Kyiv City Council on November 15, 2016.

Some UAH 78.5 million will be sent to develop bicycle infrastructure and UAH 82 million in 2018. The streets are to be reconstructed to create bicycle routes, equip bicycle parking areas and other things. The funds will be raised from Kyiv’s budget and other sources.

In addition, it is planned to buy 215 trolleybuses, 235 buses and 63 trams by 2019 to implement the urban transport upgrade scenarios designed by experts from the World Bank. The total cost of the purchase is UAH 6.507 billion using funds of the city budget and other sources.

The city intends to build a dual-mode high-speed Tram-Train system Troyeschyna-Berezniaky-Karavayevy Dachi. Near UAH 2.106 billion will be spent on it by 2019.

The passenger flow for the line could reach 264,500 of persons a day. This equals to the daily passenger flow on the Syretsko-Pecherska subway line or the absolute passenger flow for crossing the Dnipro River. The funds of the city budget and other sources will be used to finance the project.

Some UAH 7.56 billion of budget funds or funds from other sources will be spent on purchase of rolling stock for the Tram-Train line: 80 five-section wagons with low decks.

It is planned to build the high-speed trolleybus line Troyeschyna-Chokolivka with the passenger flow of 141,000 people a day. Around UAH 810 million would be spent in two years. Some 97 long articulated trolleybuses for UAH 719.7 million will be bought.

Near UAH 250 million would be sent to take measures to develop public transport stops during two years.

Kyiv wants to repair the tram line in Dmytriyivska and Hlybochytska streets with the transfer hubs in Lukianivska Street and Kontraktova Square for UAH 515 million.

Among other projects is the completion of the Podilsky Bridge. Some UAH 3.315 billion is envisaged for the project in 2017-2018. The unused funds for the project are estimated at UAH 7.46 billion.

The Nyvky-Telychka-Brovary highway will be built for UAH 2.51 billion and some UAH 936 million will be sent for the project in 2017-2018.

Near UAH 20 million will be sent to introduce the automated parking system in two years and UAH 20 million to introduce intellectual traffic systems in the streets.