Ukraine’s Infrastructure Ministry has approved the assignment of UAH 1.1 billion in 2019 for reconstruction of the airfield of municipal enterprise Odesa International Airport, including for construction of a new runway with the synthetic covering and taxiways. “The mechanism of financing the implementation of the program approved by the State Agency of Infrastructure Projects of Ukraine allows starting the implementation of the project at once in line with Ukrainian legislation,” the enterprise said in an explanatory note to the financial plan of state-owned enterprise (SOE) Directorate for Construction of Odesa International Airport for 2019.
The financial assistance will be received from the SOE managed by the State Agency of Infrastructure Projects of Ukraine, which was authorized to act as the customer of the state targeted program on development of airports for the period until 2023. According to the explanatory note, the reviewed indicators are UAH 500 million for 2017, UAH 1.179 billion for 2018 and UAH 1.109 billion for 2019. The capital investment in the financial plan for 2019 is planned at UAH 874.25 million. Net profit expected in 2019 is UAH 83,000, and revenue – UAH 13.31 million.
As reported, the Cabinet of Ministers of Ukraine in July 2018 decided to send UAH 253 million to build a runway in the Odesa airport.
