Business news from Ukraine

DCH GROUP WANTS TO INVEST IN RECONSTRUCTION OF DNIPRO AIRPORT

DCH Group, a Ukrainian industrial and financial group of Oleksandr Yaroslavsky, is ready to invest in the reconstruction of Dnipro International Airport.
According to the press service of Dnipropetrovsk Regional State Administration, the project for the reconstruction of the airport was discussed by head of the regional administration Oleksandr Bondarenko and President of DCH Group Oleksandr Yaroslavsky during a meeting in Dnipro.
“A modern international airport is one of the main priorities of Dnipropetrovsk Regional State Administration. The reconstruction of the airport, which has long been morally and physically outdated, will give an impetus to the development of the entire region. These are new opportunities for business, medicine, tourism and the region’s economy as a whole,” Bondarenko said.
According to Yaroslavsky, DCH Group is ready to invest in Dnipro airport under public-private partnership.
He noted that the company already has experience in implementing a similar project in Kharkiv. There, the construction of the runway cost $200 million, the terminal some $107 million.
According to the president of the group, thanks to optimization and modern technologies, in Dnipro such work will be at least $100 million cheaper.
“I’ve repeatedly confirmed that I am ready to use our experience in the construction and development of Kharkiv International Airport in favor of the Dnipro community, the surrounding regions, the whole Ukraine. As soon as full funding for the construction of a runway is actually allocated and fixed in the 2020 national budget, DCH as a private investor will be able to begin work on the construction of the airport complex,” Yaroslavsky said.

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KYIV INTERNATIONAL AIRPORT DOUBLES CAPACITY AFTER RECONSTRUCTION

Kyiv International Airport (Zhuliany) has doubled its capacity due to the expansion of main Terminal A by another 9,500 square meters, to 23,700 square meters, co-owner of the airport Denys Kostrzhevsky has said, when opening the terminal.
According to him, the reconstruction of the terminal cost UAH 630 million.
He noted that the airport also doubled the number of check-in counters and passport control desks.
According to an Interfax-Ukraine correspondent, 23 registration desks and nine aviation security oversight stations are located on the ground floor of the new facility of the terminal. A new parking lot for 135 cars was built on the square near the airport.
Terminal A will include a Duty Free shop, a WOG cafe, three restaurants and several souvenir shops.
According to the expert, the airport plans to further expand the terminal.
“The project includes the third stage of construction on the other side of the terminal, which will allow doubling the area of Terminal A,” he said without specifying the start of construction.
In addition, according to him, it is planned in two or three years to begin work on the extension of the runway.
“Now we are engaged in the allocation of land plots and design. In two or three years we will decide on the extension of the runway,” the businessman said.
At the same time, he found it difficult to predict the terms during which the investments made in the second stage of construction would be paid back.

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UKRTRANSGAZ COMMISSIONS KALUSH-2 GAS DISTRIBUTION STATION AFTER RECONSTRUCTION

The operator of the gas transportation system JSC Ukrtransgaz has commissioned Kalush-2 gas distribution station (Ivano-Frankivsk region) after reconstruction, the press service of the company has reported.
The total investment in the reconstruction amounted to UAH 82 million. The station is equipped with automatic management systems with functional alarm systems and systems of automatic protection against pressure increase/decrease.
In addition, an ultrasonic gas flow measurement system is installed at the station.
“With the rapid development of industry in Kalush, the modernization and restoration of activities of chemical enterprises and, accordingly, increasing consumption volumes, the station will ensure a reliable and uninterrupted supply of gas to consumers,” the report said.
Kalush-2 gas distribution station, built in 1975, supplies gas to the city, nearby villages and industrial consumers from the Uhersko-Ivano-Frankivsk-Chernivtsi gas pipeline.

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STATE-OWNED UKRENERGO SIGNS CONTRACT WITH GENERAL ELECTRIC FOR RECONSTRUCTION OF SUBSTATIONS

National Energy Company Ukrenergo has signed a contract with General Electric Grid Solutions (Germany) and Chornomorenergospetsmontazh LLC for reconstruction of Kharkivska and Zaliutyne 330 kV substations, the company’s press service has reported. According to the press service, the power equipment, cable communication lines, relay protection and automation devices will be replaced at the substations, new gas insulated 330 kV switchgears and hybrid 110 kV switchgears will be installed.
“Kharkivska and Zaliutyne substations play a significant role in providing power supply to the eastern region of Ukraine. With further integration into ENTSO-E, the importance of these substations will increase significantly. That is why the modernization of these facilities must be carried out at the highest technological level in compliance with all reliability and safety requirements presented by ENTSO-E,” Deputy Director for Investment at Ukrenergo Volodymyr Kudrytsky said.
The project entitled “Reconstruction of Substations in the Eastern Part of Ukraine” in 2019-2022, with funding from the German government, in addition to upgrading 330 kV Kharkivska substation and 330 kV Zaliutyne substation also provides for the reconstruction of 750 kV Zaporizhska substation and 750 kV Dniprovska substation.

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ROSHEN CONFECTIONERY WILL INVEST UAH 160 MLN IN FACTORY RECONSTRUCTION

Roshen Corporation will allocate UAH 160.4 million for the second stage of reconstruction of Kyiv Confectionary Factory Roshen, PrJSC Kyiv Confectionery Factory Roshen said in the information disclosure system of the National Commission on Securities and the Stock Market. According to the company, the funds will be used for landscaping the territory with the arrangement of a fountain in the territory of the confectionery factory at 1 Nauky Avenue in Holosiyivsky district of the capital. The general contractor of the work is European Construction Technologies LLC.
As reported, Roshen in 2018 announced the investment of UAH 90 million in the creation of a public space in the territory of the factory. The provisional name of the reconstruction project is Roshen Plaza.
According to the company, the factory does not cease to exist, but its capacity is reduced. Part of the production premises will remain in the factory’s territory, the company’s office and public facilities will be located in one of the buildings.
Roshen Corporation is one of the top 30 largest confectionery manufacturers in the world.
The Roshen network in Ukraine includes 50 stores in five regions of Ukraine. The first one opened in Kyiv in 2009. The corporation annually opens five or six stores.

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CHINESE CORPORATION TO COMPLETE RECONSTRUCTION OF BYPASS ROAD AROUND ZHYTOMYR

China’s Sinohydro Corporation Limited plans to complete the reconstruction of 23 km of a bypass road around Zhytomyr with a total cost of EUR40 million in 2020, Infrastructure Minister Volodymyr Omelyan has told reporters on the sidelines of the Conductors of Changes (Dyryhenty Zmin) conference in Kyiv. “The project is carried out at the expense of international financial organizations. The total investment is EUR40 million. Some 23 km of roads, several junctions, overpasses over railways will be built for them. It is assumed that construction will be completed in 2020,” the minister said.
He added that for the first time Ukrainians will receive a full-fledged concrete road of the first category, which will have four lanes.
As reported, in 2017 Ukravtodor and Sinohydro Corporation Limited signed a contract for the work, the expected completion date of which is 2020. The reconstruction cost is more than EUR42 million. The work is financed by a loan from the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).

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