Business news from Ukraine

KYIV INTERNATIONAL AIRPORT DOUBLES CAPACITY AFTER RECONSTRUCTION

Kyiv International Airport (Zhuliany) has doubled its capacity due to the expansion of main Terminal A by another 9,500 square meters, to 23,700 square meters, co-owner of the airport Denys Kostrzhevsky has said, when opening the terminal.
According to him, the reconstruction of the terminal cost UAH 630 million.
He noted that the airport also doubled the number of check-in counters and passport control desks.
According to an Interfax-Ukraine correspondent, 23 registration desks and nine aviation security oversight stations are located on the ground floor of the new facility of the terminal. A new parking lot for 135 cars was built on the square near the airport.
Terminal A will include a Duty Free shop, a WOG cafe, three restaurants and several souvenir shops.
According to the expert, the airport plans to further expand the terminal.
“The project includes the third stage of construction on the other side of the terminal, which will allow doubling the area of Terminal A,” he said without specifying the start of construction.
In addition, according to him, it is planned in two or three years to begin work on the extension of the runway.
“Now we are engaged in the allocation of land plots and design. In two or three years we will decide on the extension of the runway,” the businessman said.
At the same time, he found it difficult to predict the terms during which the investments made in the second stage of construction would be paid back.

, ,

UKRTRANSGAZ COMMISSIONS KALUSH-2 GAS DISTRIBUTION STATION AFTER RECONSTRUCTION

The operator of the gas transportation system JSC Ukrtransgaz has commissioned Kalush-2 gas distribution station (Ivano-Frankivsk region) after reconstruction, the press service of the company has reported.
The total investment in the reconstruction amounted to UAH 82 million. The station is equipped with automatic management systems with functional alarm systems and systems of automatic protection against pressure increase/decrease.
In addition, an ultrasonic gas flow measurement system is installed at the station.
“With the rapid development of industry in Kalush, the modernization and restoration of activities of chemical enterprises and, accordingly, increasing consumption volumes, the station will ensure a reliable and uninterrupted supply of gas to consumers,” the report said.
Kalush-2 gas distribution station, built in 1975, supplies gas to the city, nearby villages and industrial consumers from the Uhersko-Ivano-Frankivsk-Chernivtsi gas pipeline.

, ,

STATE-OWNED UKRENERGO SIGNS CONTRACT WITH GENERAL ELECTRIC FOR RECONSTRUCTION OF SUBSTATIONS

National Energy Company Ukrenergo has signed a contract with General Electric Grid Solutions (Germany) and Chornomorenergospetsmontazh LLC for reconstruction of Kharkivska and Zaliutyne 330 kV substations, the company’s press service has reported. According to the press service, the power equipment, cable communication lines, relay protection and automation devices will be replaced at the substations, new gas insulated 330 kV switchgears and hybrid 110 kV switchgears will be installed.
“Kharkivska and Zaliutyne substations play a significant role in providing power supply to the eastern region of Ukraine. With further integration into ENTSO-E, the importance of these substations will increase significantly. That is why the modernization of these facilities must be carried out at the highest technological level in compliance with all reliability and safety requirements presented by ENTSO-E,” Deputy Director for Investment at Ukrenergo Volodymyr Kudrytsky said.
The project entitled “Reconstruction of Substations in the Eastern Part of Ukraine” in 2019-2022, with funding from the German government, in addition to upgrading 330 kV Kharkivska substation and 330 kV Zaliutyne substation also provides for the reconstruction of 750 kV Zaporizhska substation and 750 kV Dniprovska substation.

, , , ,

ROSHEN CONFECTIONERY WILL INVEST UAH 160 MLN IN FACTORY RECONSTRUCTION

Roshen Corporation will allocate UAH 160.4 million for the second stage of reconstruction of Kyiv Confectionary Factory Roshen, PrJSC Kyiv Confectionery Factory Roshen said in the information disclosure system of the National Commission on Securities and the Stock Market. According to the company, the funds will be used for landscaping the territory with the arrangement of a fountain in the territory of the confectionery factory at 1 Nauky Avenue in Holosiyivsky district of the capital. The general contractor of the work is European Construction Technologies LLC.
As reported, Roshen in 2018 announced the investment of UAH 90 million in the creation of a public space in the territory of the factory. The provisional name of the reconstruction project is Roshen Plaza.
According to the company, the factory does not cease to exist, but its capacity is reduced. Part of the production premises will remain in the factory’s territory, the company’s office and public facilities will be located in one of the buildings.
Roshen Corporation is one of the top 30 largest confectionery manufacturers in the world.
The Roshen network in Ukraine includes 50 stores in five regions of Ukraine. The first one opened in Kyiv in 2009. The corporation annually opens five or six stores.

, , , ,

CHINESE CORPORATION TO COMPLETE RECONSTRUCTION OF BYPASS ROAD AROUND ZHYTOMYR

China’s Sinohydro Corporation Limited plans to complete the reconstruction of 23 km of a bypass road around Zhytomyr with a total cost of EUR40 million in 2020, Infrastructure Minister Volodymyr Omelyan has told reporters on the sidelines of the Conductors of Changes (Dyryhenty Zmin) conference in Kyiv. “The project is carried out at the expense of international financial organizations. The total investment is EUR40 million. Some 23 km of roads, several junctions, overpasses over railways will be built for them. It is assumed that construction will be completed in 2020,” the minister said.
He added that for the first time Ukrainians will receive a full-fledged concrete road of the first category, which will have four lanes.
As reported, in 2017 Ukravtodor and Sinohydro Corporation Limited signed a contract for the work, the expected completion date of which is 2020. The reconstruction cost is more than EUR42 million. The work is financed by a loan from the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).

, , ,

BUSINESSMAN VASYL KHMELNYTSKY’S UFUTURE GROUP TO INVEST IN RECONSTRUCTION OF KYIV SIKORSKY AIRPORT’S TERMINAL UAH 630 MLN

Businessman Vasyl Khmelnytsky’s UFuture Group plans to complete the renovation and expansion of Terminal A, which is the main terminal of Kyiv Sikorsky International Airport (Zhuliany), from 14,000 to 23,500 square meters by May 2019, the project is estimated at UAH 630 million.
“We are building a new [terminal] not to increase the number of passengers, but to create comfort for those who fly,” the businessman said at a press conference on Thursday, explaining that often one time slot at the airport can be shared by seven low-cost airlines.
He says the airport’s throughput capacity, which is about 700 people per hour, can double.
Construction works at the airport began two months ago, Chairman of the airport’s Board of Directors Denys Kostrzhevsky said. The runway will not be closed for the period of the works at the terminal.
“The existing runway is good enough, its warranty is valid. We are not going to overhaul it, sometimes we fix something, improving some processes,” Khmelnytsky said.
Both own reinvested funds of the managing company and loans are the source of financing of the works, Kostrzhevsky said.
Khmelnytsky says that the payback period of investment in the expansion of Terminal A is expected to be from eight to nine years. UFuture invested more than UAH 2.5 billion in the airport’s complex in seven years.
He also said that he was considering the possibility of building a low-priced hotel and hangars next to Terminal A, but it might happen no earlier than the end of its reconstruction.
“Our resources are not unlimited. First, we will build the terminal. I hope we will launch it. It will give us a little more income, and we will make estimates proceeding from this,” Khmelnytsky said.
UFuture Investment Group, headquartered in Brussels, was established in autumn 2017 and united the business projects of Vasyl Khmelnytsky. The group includes the Ukrainian development company UDP, whose specialization is the implementation of large infrastructure projects. In addition, the conglomerate united businesses in such areas as UDP Renewables, the Bila Tserkva industrial park, the innovation parks UNIT.City, and LvivTech.City.
Kyiv Sikorsky International Airport is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic. The airport has three terminals with a total area being 21,000 square meters. The airport’s runway is able to handle B-737 and A-320 aircraft.
In the nine months of 2018, the airport serviced 2.165 million passengers, which was 57.3% up on January-September 2017. In September 2018 alone, passenger traffic grew by 30.6%, to 307,500 people.
Master-Avia LLC began managing the airport after winning a tender in 2010 and leasing airport property for 49 years.
Khmelnytsky and Kostrzhevsky are the beneficiaries of Master-Avia LLC, according to the state register of legal entities of entrepreneurs, are businessmen. Master-Avia indicates it owns terminals and the apron, while the airfield and the runway are on the balance sheet of municipally owned Kyiv International Airport (Zhuliany).

, , , , , ,