Business news from Ukraine

EUROPEAN BANKS TO PROVIDE EUR 900 MLN FOR OVERHAUL OF KYIV-ODESA HIGHWAY IN UKRAINE

The European banks will provide EUR 900 million for overhaul of Kyiv-Odesa highway in Ukraine, said acting Chief of Ukravtodor Ukrainian Automobile Roads Agency Slawomir Nowak. “We managed to complete negotiations with the European banks, with EIB and BRD, and Ukraine will be granted the next 900 million euros for the overhaul of Kyiv-Odesa and assignment of an autobahn category to this road. From the next building season, they must begin repairs,” website of Hromadske media quotes Nowak as saying.
According to him, overhaul of Kyiv-Odesa highway will begin in 2020 and the highway is to become autoban after reconstruction. Three or four years needed for overhaul of this highway, Nowak said.
As reported, Nowak handed in resignation to Prime Minister of Ukraine Oleksiy Honcharuk following the termination of his three-year tenure.

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DTEK ENERGY HOLDING EXPANDS ELECTRIC CHARGING STATIONS ON KYIV-ODESA HIGHWAY

DTEK Energy Holding has installed four high-speed STRUM electric charging stations for electric vehicles with a capacity of 50 kW each on the Odesa highway, the company’s press service has reported. “Our stations with a capacity of 50 kW charge a car battery to 80% in 20-40 minutes,” Ihor Kovalev, the STRUM network project manager.
Electric charging stations are installed in the parking lot of the Zolota Pidkova hotel and restaurant complex (the Chupyra village, Kyiv region), at the SOCAR fuel filling station (Ropotukha, Cherkasy region), at the Shell fuel station (Nastasiyevka, Odesa region), and at the parking lot of the METRO supermarket in Odesa. One can find free electric charging station through the STRUM Charging mobile application.
The company also noted that by the end of summer the STRUM network plans to install up to 23 high-speed charging stations.

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PART OF KYIV-ODESA HIGHWAY TO BECOME CEMENT CONCRETE ROAD

Part of M-05 Kyiv-Odesa highway in Kirovohrad, Mykolaiv and Odesa regions will be built as a road with the cement concrete surface.
“A few days ago I managed to convince our colleagues from the European Investment Bank that all subsequent loan financing that we will receive is sent to M-05 Kyiv-Odesa highway in order to have a full-fledged highway in a few years. We are planning this road within Cherkasy region with the asphalt concrete surface, and within the borders of Kirovohrad, Mykolaiv and Odesa regions with the cement concrete surface,” Head of the State Agency of Automobile Roads of Ukraine (Ukravtodor) Slawomir Nowak wrote on the Facebook social network.
According to him, this year the design documentation for the overhaul of the section of the road in Cherkasy region will be ready and the designing of the cement concrete road will begin within the boundaries of three regions.
“This year we are repairing the Kyiv-Odesa highway at the expense of the national budget. We also plan to overhaul sections of this road in Kyiv region at the expense of the ISIs [international finanicial institutions]. For example, in Cherkasy region we repair the section 15 km long with funds from the Road Fund. This is half the length of the most problematic section – between Zhashkiv and Uman,” Nowak said.
In addition, the Northern bypass road in Zhytomyr, Dnipro-Reshetylivka (within the boundaries of the Poltava region with the cement concrete surface, and Dnipropetrovsk – asphalt concrete) and N-14 highway Kropyvnytsky-Mykolaiv will be concrete, the head of Ukravtodor said.

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