Business news from Ukraine

KYIV TO SPEND OVER UAH 25 BLN ON TRANSPORT INFRASTRUCTURE MODERNIZATION UNTIL 2019

24 March , 2016  

KYIV. March 24 (Interfax-Ukraine) – Kyiv plans to upgrade transport infrastructure in 2016-2018, spending about UAH 25.6 billion on this purpose.

Upgrades are contained in the action plan for 2016-2018 on implementing the strategy of Kyiv’s development until 2025, which is stipulated in order No. 100 of Kyiv City State Administration, dated February 26, 2016, and published in the Khreschatyk newspaper on March 23.

As part of the document, the modernization of transport infrastructure in Kyiv belongs to the strategic objectives of improving the comfort of living and provides 13 points mentioned in the indicative financial realization plan.

Some UAH 3.867 billion has been allocated for the construction of the Podilsko-Vyhurivska subway line until 2019, UAH 1.308 billion for the purchase of subway carriages, UAH 4.177 billion for the capital construction and modernization of the Kyiv metro, UAH 6.323 billion for the construction and reconstruction of the street and road network, and UAH 1.37 billion for the modernization of street lighting systems.

In addition, the development of parking space will require UAH 1.024 billion, the development of Kyiv International Airport some UAH 263.1 million, city computerization some UAH 732.3 million, the construction of transport interchange nodes with terminals some UAH 605.4 million, building trolleybus lines UAH 216.8 million, the reconstruction and construction of tram lines UAH 2.653 billion, purchase of tram cars, trolleybuses, buses, electric buses and special vehicles UAH 3.075 billion.