The European Investment Bank (EIB) will allocate EUR 270 million to the state-owned enterprise Boryspil International Airport for the implementation of an investment plan to improve infrastructure and expand capacity.
According to a posting on the bank’s website, the board of directors approved the project on December 16 this year.
The EIB document states that the total cost of this project is approximately EUR 351 million, but other sources of co-financing are not specified.
According to the financial institution, this operation is covered by the EU guarantee for EIB loans outside the EU, and the organizer of the work must ensure that any procurement procedures are carried out in accordance with the EIB procurement guidelines and EU public procurement rules.
“Major works include the rehabilitation of the western airfield system, including the western runway (18R-36L), which has been operating for more than 50 years and is in poor condition, the associated parallel taxiway, the airfield ground lighting and the instrument landing systems, plus a range of other associated airside infrastructure works,” the bank said on its website.
As reported, earlier the Ministry of Infrastructure offered the EBRD to participate in financing the Boryspil airport investment plan.