Ten years in the making, the project suffered a setback when the first $50 million tranche of Chinese financing disappeared
Monday, December 3, 2018

Ten years in the making, the project suffered a setback when the first $50 million tranche of Chinese financing disappeared

Ten years in the making, the project suffered a setback when the first $50 million tranche of Chinese financing disappeared, and Vladislav Kaskiv, the Yanukovych-era director of the State Investment Project, ran away. One year ago, he was extradited to Kyiv from Panama, only to be released on bail. It is unclear where the case stands. Instead of a $365 million, five-year project financed with Chinese loans, today’s project was built in nine months, for $17 million, financed by Ukrzaliznitsya. The national railroad built a 300-meter rail bridge over the Kyiv-Kharkiv highway, four kilometers of new track, and a new station at Boryspil’s Terminal D. UNIAN’s Alexander Kunitsky writes: “By launching the express train, Ukraine showed the ability to implement large infrastructure projects. And Kiev residents and guests of the capital received a comfortable way to get to the airport.”

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