Business news from Ukraine

EXPERT: IT TAKES 20 YEARS TO BUILD BIG TRANSPORT RING

Head of the Transformation Office Maksym Bakhmatov has announced the presentation of the Big Transport Ring tram-bus route project in Kyiv, the construction of which will take UAH 55 billion and 15-20 years.“For the construction of the Big Transport Ring, Kyiv will need 15 to 20 years and UAH 55 billion. This may seem like large numbers. But this is only UAH 3 billion from the city budget. Such projects are usually funded by international financial institutions,” Bakhmatov wrote on Facebook.According to him, the ring will unite 16 routes and cover six districts of Kyiv. The passenger traffic will be 1.6 million people per day.Bakhmatov noted that the construction of the route will be cheaper and faster than the construction of new metro stations.“On December 21, we will present the project to Kyiv deputies and activists. Further, the project will be handed over to Kyiv for implementation. I invite Kyiv authorities, as well as representatives of the central government, for discussion,” he said.

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