Monday, May 26, 2008

EBRD extends EUR 160 million for Kyiv - Chop highway repair

With the purpose of effective preparations for the 2012 European football finals, and implementation of the state program for the development of general-use motor roads in 2007 - 2011, reconstruction of the Kyiv - Chop highway sector will start in Zhytomyr region this month.

Volodymyr Zahryvyi, first deputy governor of Zhytomyr, disclosed this during a meeting on capital repair of the regional sector of the highway.

The European Bank for Reconstruction and Development provides about EUR 160 million (approximately UAH 1.200 billion) to these ends. The effort will proceed from the border with Rivne region (Korets) to the village of Hlybochytsia in Zhytomyr district, on a sector of the 128th - 260th kilometer. The work must be finished in 30 calendar months.

During the reconstruction, it is planned to build two transport units (in Ivanivka and Hlybochytsia, Zhytomyr district), 14 rest stations, and other service facilities to be financed both with credits and investments.

Note: In keeping with the results of the international tenders invited by UkrAvtoDor for implementation of the third project for the Kyiv-Chop highway repair under the Ukraine - EBRD credit agreement, performers of the local repairs are OJSC YugZapadDorStroy (Vinnytsia, Ukraine), Granit AD - Skopje (Macedonia), and Gulsan Construction Industry Tourism, Transportation and Trade Co. Ins. (Turkey).

Supervision over the construction effort will be provided, in line with demands of the FIDIC International Federation of Consulting Engineers by an open international tender winners, Egis Bceom International (France) and British HYDER Consulting Limited.