M-30 highway – to be Ukraine’s longest road, stretching from Stryi, Lviv region to Luhansk, this 1,400 km East-West road is numbered after this year’s Independence anniversary
High speed charging stations for electric vehicles – increase stations on the most popular highways: Kyiv-Lviv, Kyiv-Odessa and Kyiv-Dnipro; add charging stations to the Orlivka, Ukraine terminal of the new trans-Danube ferry to Romania.
The Kyiv School of Economics estimates this injection of money into construction will increase Ukraine’s GDP by 2.2% over the next five years. The study cites: increases in investment in transport, courier services and tourism; reduction of travel time, fuel spending and vehicle repairs; business expansion and new enterprises.
Foreign investors are to get the chance to invest in this massive spending by buying sovereign-backed infrastructure bonds in a new $3 billion state fund, reports Ukravtodor, the state highway agency. Under development with the EBRD, the state fund would be subject to international arbitration, and would have an independent supervisory board. To get Ukravtodor in shape for foreign investment, 30 EBRD specialists are working at the agency to put all tenders on line and ensure that procurement follows Western
“Similar funds operate in most developed countries – Build America, Infrastructure Canada, Macquarie Korea Infrastructure Fund, Polish Development Fund and more,” said Kyrylo Tymoshenko, deputy presidential chief of staff and coordinator of the Great Construction program. “Such funds provide more transparent and efficient management of the country’s investment projects. “The Great Construction Fund in Ukraine will allow attracting long-term financing in both domestic and foreign markets.”
Private investors would buy sovereign-backed bonds issued by Ukravtodor, Tomas Fiala, CEO of Dragon Capital told the forum. “It is expected that the amount of investment attracted under state guarantees will be several billion dollars from private investors from around the world. In general, the transport infrastructure is extremely attractive for investment.” Jean-Erik de Zagon, head of the European Investment Bank’s Ukraine’s office, concurred, saying: “Financiers are convinced that good infrastructure will be a boost for private sector development.”
With the traditional March start of the roadbuilding season, Ukraine will see this year the largest amount of road construction since Independence 30 years ago. In all, 4,678 km of roads are to be rebuilt this year – 20% more than last year and nearly four times the annual average of 2017-2019. The breakdown is: 1,205 km of international roads, 1,363 km of national roads, 1,206 km of territorial roads and 904.3 km of regional roads.
Ukraine plans to disconnect from the electricity grid with Belarus and the Russian Federation by the end of 2023, Foreign Minister Dmytro Kuleba said Tuesday at a press conference in Kyiv with Lithuanian Foreign Minister Gabrielus Landsbergis. “Since Soviet times, the Ukrainian power grid has been a part of a single network that includes Belarus and Russia,” Kuleba said. “But we want to cut off from this network and make the Ukrainian power grid an integrated part of the European
During this month’s cold snap, Russia and Belarus supplied about 3% of Ukraine’s electricity needs. Underproduction of electricity at nuclear power plants and a shortage of coal at thermal power plants caused electricity prices to jump as much as 30% in February of January.
Despite this dependence, Acting Energy Minister Yuriy Vitrenko told the Rada last month: “Reasonable import restrictions should be imposed right now.” Two weeks ago, he told the European Business Association that Ukraine needs to bring its regulatory framework in line with European law to meet the goal of integrating with ENTSO-E, the European energy system, by the end of 2023. Vitrenko may now have the powers to oversee this process. On Tuesday, the Rada passed a law giving acting ministers
Ukraine started vaccinating yesterday against Covid-19, targeting doctors, nurses and soldiers. The first 500,000 doses of Oxford-AstraZeneca vaccine arrived in Kyiv Tuesday from the Serum Institute of India, the world’s largest vaccine manufacturer. Ukraine has reserved 22 million doses of vaccine. It is negotiating to secure more to cover half of the adult population this year. After an infection lull, Ukraine is experiencing an uptick with 5,850 new cases reported for the 24-hour period ending Wednesday morning. Over the last
Windrose Airlines plans to expand its domestic flight network this summer to have flights from Kyiv Boryspil to at least nine regional capitals, Volodymyr Kamenchuk, Windrose CEO, said yesterday at the infrastructure forum. He said: “We want to expand our flight map to at least 10 airports in 2021.” One year ago, before the pandemic hit, Windrose flew from Boryspil to: Dnipro, Lviv, Kharkiv, Ivano-Frankivsk, Zaporizhia, Mykolaiv, Odesa, and Kherson. At the forum on Monday, Zelenskiy said Ukraine plans to