Investment projects in the framework of Trans-European Transport Network TEN-T investment plan include construction projects in the Eastern Partnership countries, including 4,800 km of roads and railways, six ports and 11 logistic centers in Ukraine, the press service of Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze has reported.
Klympush-Tsintsadze at a meeting with Director-General of the European Commission on Mobility and Transport Henrik Hololei said that projects implementation in the framework of Trans-European Transport Network TEN-T investment plan is among government priorities, which includes Eastern Partnership countries. All projects stated in the plan require nearly EUR 13 billion of investment.
“All projects stated in the plan require nearly 13 billion euros of investment. It is planned to build 4,800 kilometers of roads and railways, 6 ports and 11 logistics centers for these funds,” the mission said.
Klympush-Tsintsadze also said that Ukraine is also counting on EU support, as well as on the timely signing of the Common Aviation Area Agreement, which will give impetus to the development of Ukrainian aviation industry, as it will increase the number of flights and passenger traffic.
Ukraine International Airlines (UIA, Kyiv) will launch direct flights to Sanya (the Hainan Island, China) from June 4, 2019 on a weekly basis.
Starting from June 4, 2019, direct flights between Kyiv and Sanya will be performed on Tuesdays on board Boeing-767-300 aircraft with two classes of service: business and economy.
In the opposite direction, flights will be operated on Wednesdays, travel time is about seven hours.
Kusto Logistics, part of Kusto Agro PTE. Ltd. (Singapore) has acquired 25 grain hoppers and plans to expand its fleet to 70 hoppers by the end of this year.
“Now the total fleet of the company’s wagons is 45 units. It is planned to purchase another 25 grain hoppers [by the end of 2019],” the company told Interfax-Ukraine.
As reported, Kusto Agro acquired Lischynske LLC and Tereschenko Agrarian Fund LLC in Zhytomyr region from France’s AgroGeneration with assets in Ukraine.
Kusto Agro is part of the international holding Kusto Group (Singapore), which develops business in oil, energy, agricultural, construction and other industries. Kusto Group implements projects in Ukraine, Russia, Kazakhstan, Georgia, Turkey, Vietnam, and China.
In Ukraine, the company’s land bank is 12,000 hectares in the Vinnytsia, Zhytomyr, and Khmelnytsky regions. In addition, Kusto Agro owns three silos with a total storage capacity of 90,000 tonnes. The group also has about 600 heads of dairy herd.
According to the information on the group’s website, Kusto Agro plans to create a land bank for crop production of at least 100,000 hectares over the next five years.
Ukraine’s Infrastructure Ministry has decided to postpone corporatization of state-owned enterprise (SOE) Boryspil international airport, Director General Pavlo Riabikin said at a press conference at the airport on Thursday.
“There is no final government decision on the corporatization of the Boryspil airport, but at the level of the Infrastructure Ministry, during all consultations that lasted about six months, we decided to set aside the issue of corporatization and stay at the level of implementing corporate governance at the airport,” he said.
According to Riabikin, the issue of corporatization does not have a final decision today: the problem is that the main part of the property of the Boryspil airport belongs to the category of property that cannot be included the charter capital and cannot be privatized – this is, first of all, the entire airfield. If we compare the cost of these facilities with what can be transferred as part of the corporatization – the ratio is about three to one, the director of the airport said.
He said that, in theory, this can be solved by a separate law, as it was done with Ukrzaliznytsia, or by introducing elements of corporate governance, leaving now the status of SOE.
“Corporatization with such a large amount of property that does not enter the enterprise will necessitate the creation of two enterprises, one of which will manage the part of the property that cannot be privatized, the second – the terminals. And in the future, this may create problems, for example, attraction of loans from European financial institutions,” the director of the airport said.
At the same time, he said that the enterprise needs such a body as a supervisory board.
On May 22, the Cabinet of Ministers of Ukraine approved the composition of the supervisory board of the Boryspil airport, consisting of three independent members and two state representatives.
Ukraine International Airlines (UIA, Kyiv) from June 15, 2019 will launch direct flights from Kyiv to Izmir (Turkey).
The press service of UIA reported that flights between Kyiv and Izmir will be operated daily by medium-haul Boeing 737-800 NG and Embraer aircraft. It will take 2 hours and 20 minutes to get to the destination.
One-way economy class ticket prices include all taxes and surcharges start from UAH 819 when booked in advance.
UIA has enhanced its fleet with second medium-haul Embraer-195. The plane received the registration number UR-EMF. The plane is scheduled to operate its first commercial flights from May 27.
Ukraine International Airlines was founded in 1992. The fleet consists of 42 airplanes of different modifications. One of the ultimate beneficiaries of the airline is businessman Ihor Kolomoisky.
