17:50 28.11.2017

Infrastructure minister assesses investment in launch of high speed Kyiv-Odesa trains at EUR 540-840 mln

2 min read
Infrastructure minister assesses investment in launch of high speed Kyiv-Odesa trains at EUR 540-840 mln

The project to develop high-speed transportation by rail on the Kyiv-Odesa route is economically viable and would require investment of around EUR 540-840 million, Ukrainian Infrastructure Minister Volodymyr Omelyan has said.

"I am sure by 200% that there will be passenger flow," he said during the infrastructure day in the European Business Association (EBA) on Tuesday.

He said that it would take two hours to reach Odesa from Kyiv. The price of a ticket of UAH 500-700 will be competitive.

Omelyan said that the optimal is the route along the Kyiv-Odesa highway where the state has land parcels.

The minister said that construction of one kilometer of tracks would cost some EUR 1-2 million. This allows assessing the construction of the entire railway at EUR 500-800 million. Omelyan said that one train would cost some EUR 10 million and four trains would be required for organizing normal trips.

He said that it is expedient to organize transportation of freight using this route. Freight dispatchers and potential international operators of ports, with which Ukraine is holding negotiations, are interested in it.

The minister said that later this new railway track could be connected with Lviv and Europe, creating an new high-speed railway route.

AD
AD
AD
AD
AD