Business news from Ukraine

GOVT TO FINANCE CONSTRUCTION OF NEW RUNWAY AT ODESA AIRPORT IN 2016 – MINISTER

10 September , 2015  

KYIV. Sept 10 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine would find funds to build a new runway at Odesa airport in 2016, Infrastructure Minister of Ukraine Andriy Pyvovarsky has told Interfax-Ukraine.

“Taking into account the top-priorities for the region, the budget would find funds to finance this project,” he said, asked about the start of construction of the runway in 2016.

He said that the cost of the project could considerably differ from the initially announced sum (UAH 1.6 billion) and it would vary within $80-200 million.

He said that several alternative projects to create the runway at Odesa airport are being discussed – from reconstruction of the old runway to construction of new one.

The minister said that it is impossible to finish construction of the runway in 2016, and it is likely that it would be finished in 2017.