11:54 03.04.2015

Two European companies interested in building first concession road in Ukraine

2 min read

Two European companies have shown interest in a project to construct the first concession road in Ukraine, the Lviv-Krakovets road, Infrastructure Minister of Ukraine Andriy Pyvovarsky has said.

"I don't want to name them, these are two European companies, one of them is a Polish company," he said at a briefing in Kyiv on Thursday.

Pyvovarsky added that the construction of the concession road is supported by the Cabinet of Ministers of Ukraine and local authorities.

"We've start forming the conditions of the concession tender, and in two weeks we will be able to present the tender documents," he said.

The project "Construction and operation of the Lviv-Krakovets road 84.4 km long" is a pilot concession project in Ukraine. The degree of economic efficiency from its implementation will define the level of potential investors' interest in the project and the feasibility of realizing other concession projects in Ukraine.

Chairman of the State Agency of Automobile Roads of Ukraine (Ukravtodor) Serhiy Pidhainy said that a tender to construct the Lviv-Krakovets concession road is to be announced in April.

According to Pidhainy, the draft financial model, all the necessary studies and the tender documents have been developed and are being approved by the government.

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