The State Automobile Roads Agency (Ukravtodor) and China’s Poly Changda Engineering Co. Ltd have signed a memorandum of cooperation as part of the implementation of the first phase of construction of Big orbital roads around Kyiv connecting M-05 Kyiv-Odesa and M-06 Kyiv-Chop highways.
According to a posting on the website of the Infrastructure Ministry, during signing the document, Infrastructure Minister Vladyslav Krykliy said that the memorandum is an important stage in cooperation for the start of construction of the orbital road.
“Our goal is to ensure 40% growth of the country’s economy in five years, and for this we need to ensure large-scale construction throughout the country. Any infrastructure project gives a return with the greatest multiplier. Each dollar invested today in a year will give plus $2 for the economy. We are very pleased that Poly Changda Engineering shares our big investment plans, and especially in such important projects as the Great Orbital Road around Kyiv. In Ukraine, there was no experience of concession roads, so it is very important to start these projects with large reliable strategic partners,” the press service said, citing Krykliy.
At the same time, Krykliy expressed his expectations that both sides will be able to quickly complete all the required preparatory technical and economic calculations and begin construction next year.
Ukrainian businessman, the owner of the DCH Group, Oleksandr Yaroslavsky is ready to invest $100 million in construction of a new Donetsk airport.
“I have been thinking for a long time and have decided to give $100 million and build a new airport in Donetsk. Considering that I understand this, our company has experience in both construction and operation, I am ready to build the new airport on the site of the completely destroyed old one,” he said in an interview with Interfax-Ukraine on Tuesday in Mariupol on the sidelines of the First Investment Forum.
Yaroslavsky said that the airport will become a symbol of the return of peaceful life.
The businessman said that the implementation of this project will be possible after the completion of the process of reintegration of the occupied territories of Donbas into Ukraine.
The European Investment Bank (EIB) has approved the provision of a credit line of EUR 450 million to finance the construction of Lviv Northern bypass and the rehabilitation of sections of M-05 highway in Cherkasy, Kirovohrad, Mykolaiv and Odesa regions in Ukraine.
According to the report of the bank, its Board of Directors approved the project on October 15, 2019.
The EIB said that the investments will improve the quality of the extended TEN-T network (Trans-European Transport Network) by creating safer road conditions and reducing environmental pollution. In addition, the Lviv Northern bypass will shorten travel time and divert traffic from the city of Lviv.
The bank said that the EIB will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules.
According to the report, the total cost of the framework project is around EUR 1.05 billion. Other sources of financing are not disclosed.
As reported, the European Bank for Reconstruction and Development (EBRD) and JSC Ukrzaliznytsia intended on October 21, 2019 to announce tender procurement of materials for modernization of TEN-T tracks for $100 million raised by the company from the bank.
The group of companies Ristone Holdings has invested EUR 2 million in construction of a second phase of the oilseed crushing complex of Ristone Oil LLC (Dnipropetrovsk region), the group has reported on its Facebook page.
According to the report, the company concluded a contract with Germany’s Convex International GmbH for the supply of drying and cleaning equipment from Petkus (Germany), transport equipment from Riela (Germany), four main and two auxiliary grain silos with a capacity of 20,000 cubic meters from Symaga firm (Spain).
“This will allow us to keep the quality at the highest level and increase the volume of the daily processing rate by more than two times, while minimizing emissions of pollutants,” the group said.
The main activity of the complex is the deep processing of oilseeds. Currently, Ristone Oil produces sunflower oil, granulated meal, expanded cake, and fuel pellets from production waste.
In the future, it is envisaged the possibility of placing a line of hydration and drying of phosphatides in the oil press workshop with a warehouse for their storage and subsequent loading to vehicles.
The prices for construction and assembly work in Ukraine in August 2019 decreased by 0.9% compared with July, while the increase in prices in July 2019 compared with June 2019 was 0.4%.
According to the State Statistics Service, these figures are given without taking into account the temporarily occupied territory of Crimea and Sevastopol and part of temporarily occupied areas of Donetsk and Luhansk regions.
According to the service, the rise in prices for construction and assembly work in August 2019 from August 2018 was 5.3%.
According to the report, in general the growth in prices for construction and assembly work in January-August 2019 compared with January-August 2019 amounted to 8.3%.
The decline in construction prices in August 2019 compared with June 2019 was recorded in all areas of construction.
The prices for construction and assembly work grew by 23% in 2018, and growth in 2017 was 13.4%, 9.2% in 2016 and 27.1% in 2015 compared with the previous year.
By 2021, the first Ukrainian innovation park, UNIT.City (a project of UFuture), will be built at 20%, and the amount of investment in it will reach 245 million euros.
“UNIT.City must integrate into the international innovation ecosystem. To do this, we are ready to actively invest in the project, attract global technological leaders, and interact with global financial institutions. The park has reached a new level and is an understandable partner for key industry players,” Vasyl Khmelnytsky, Founder of UFuture, said.
Today, about EUR50 million have been invested in the innovation park and 36 thousand square meters of infrastructure have been built. Three campuses, an IT-school for gifted youth, UNIT Factory, coworking Chasopys.UNIT, a free sports complex and several cafes have been opened. By the end of this year, EUR70 million will be invested in the construction of two business campuses and the first phase of UNIT.Home with a total area of 60 thousand square meters. The construction of five new business campuses, the second phase of UNIT.Home, and a school (with a total area of 110 thousand square meters) is planned to start next year with EUR125 million of investments. Thus, a fifth part of the territory of the innovation park will be built.
According to UNIT.City’s CEO Dominique Piotet, in 2020, comfortable conditions for 150 resident companies as well as for education of more than 1,200 students will be created in the innovation park. Partnership with two of the world’s leading universities is planned. Five venture capital funds, eight laboratories, and ten accelerators are expected to operate in UNIT.City next year. The top manager hopes that international events such as Web Summit, IT Arena, CES, and Davos will be held at UNIT.City in 2020.
“My goal is to ensure that in 2025, when 90% of UNIT.City is built, the world appreciates Ukraine no longer for outsourcing, but for the high quality of innovations, startups. I would like the world to perceive our ecosystem as a place where ideas grow into world-famous companies. Where billion-dollar unicorn startups appear. I would like the next Tesla or iPhone to be born here in UNIT.City,” Dominique Piotet said.
The symbol of the “New Era” of the innovation park’s development is the opening of the unique “Beacon” art object at UNIT.City square. With the onset of darkness, light gradually rises along the two sides of a 60-meter factory pipe lighting a bright beam at the top. The diameter of its base is 3.5 m, and the length can reach 100 meters.
Inside the art object, a dome screen and a projection system were installed by a Ukrainian company, developer of visual solutions and technologies for planetariums and museums, Front Pictures. The image on the screen is being created by four projectors under the control of the Screenberry media server. The planetarium can be controlled remotely through the application on the tablet. “Beacon” was designed by a British artist, Sebastian Kite. The concept of the project was implemented by UDP development company.
ADDITIONAL INFORMATION
UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky that integrates his business and impact-investment projects. The Company has a diversified portfolio of assets in real estate, industry, infrastructure, renewable energy, pharmaceuticals, and IT. As of today, UFuture’s assets are estimated at $550 million with total capitalization of the businesses invested in exceeding $1 billion.
UNIT.City is Ukraine’s first innovation park. It is the location where matchless infrastructure and all-inclusive ecosystem enable high technology, innovative and creative businesses to happen and flourish. The goal is to become the center of innovations and a one-point entry into Ukraine for investors, partners and new technology from all over the world. The mission of UNIT.City is to create a unique innovation platform where advanced companies, start-ups and mavens get an opportunity to cross paths and work together ramping up their growth.
