Business news from Ukraine

UKRAINIAN MINISTRY OF INFRASTRUCTURE MULLING SEVERAL OPTIONS FOR COOPERATION WITH FOREIGN PARTNERS

The Ministry of Infrastructure is mulling several options for cooperation with foreign partners on the project for building high-speed railways, according to the ministry’s website.
Infrastructure Minister of Ukraine Vladyslav Krykliy on October 16 met with the director of the Hyundai Corporation representative office in Ukraine. First Deputy Minister Dmytro Abramovych also took part in the meeting.
Krykliy noted that Ukraine is interested in cooperation with Hyundai Corporation.
“The selection of a partner for the implementation of the project for construction of high-speed railways will be carried out on the basis of analysis of the proposed conditions, which should be beneficial for Ukraine. The project requires an integrated approach, in particular, in terms of financing, timing of implementation, the possibility of preparing a feasibility study using grant funds, etc.,” the ministry said.
During the meeting, the director of the Ukrainian representative office of Hyundai Corporation announced his interest in the implementation of infrastructure projects in Ukraine.
During the meeting, the parties also discussed the use of rolling stock on high-speed railways and models for financing infrastructure projects.

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