Business news from Ukraine

Business news from Ukraine

Turkish Onur bought land plots in western Ukraine, plans other investments

5 January , 2023  

Onur, one of the largest road construction and repair companies in Ukraine, reduced the scope of work by 90 percent in 2022 because of the war and froze the implementation of almost all large-scale road infrastructure projects, Onur Group Ukraine chief coordinator Emre Karaahmetoglu said in a partner interview with NV.
“Despite the war, we still managed to complete some objects: we finished the roads in Khmelnytsky region and sections of the Kiev-Kharkiv highway, which we had been working on since 2019. Both projects were financed at the expense of the World Bank,” Karaahmetoglu noted.
He also said that since the beginning of the war, the company has been expanding accesses to customs points in the west of the country, has been building a new Irpen bridge near Kiev since late May, and is also working in the Kharkiv region after its de-occupation, where it is conducting emergency work to rebuild roads.
Karaahmetoglu added that the company recently won a tender to build three bridges in the Kiev region, which is financed by the British export credit agency UK Export Finance.
According to him, if it were not for the war, the company would have opened a new hotel in the center of Lviv, for which a building was purchased last year and reconstruction began. “After the war, we will quickly complete work on this project,” he pointed out.
The chief coordinator also said that Onur Group had already acquired several land plots in Lviv and Lviv region during the war and was thinking about what projects could be implemented.
Karaahmetoglu noted that the company’s other investment plans in Ukraine include mining, green energy, where Onur already has 150 megawatts from solar plants, and the agricultural sector with processing. “We have a small, about 5 thousand hectares of land in western Ukraine. We plan to double it. And then engage in processing of agricultural products”, – he specified.
The representative of Onur added that before the war the equipment for the development of sand pits in Lviv region and lines for production of bridge beams at the concrete plant in the west of the country were made for the company orders and said that they would be installed immediately after the war.
According to him, Onur also intends to complete such large-scale projects as the construction of the Zaporozhye bridge and the reconstruction of the runway at Dnipro airport after Ukraine’s victory, as well as initiating a project to build the Stryy-Mukachevo toll road, already developing technical documentation for it.
“There is a future for toll roads, they will be in demand after the war is over. In my opinion, this project should be engaged now”, noted Karaahmetoglu.
The representative of the company specified that the fleet of machinery in Ukraine is about 4 thousand units, as well as 20 asphalt plants, 15 concrete plants, 15 enterprises for the production of foundation, but several plants were lost during the war. Onur Group Ukraine currently employs about 2,000 people.
According to the company’s Facebook, it operates in 9 sectors, last year it performed road works in Moldova.
Onur Group is ranked 82nd in the top 250 largest contractors in the world by leading American publication ENR 2022.

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