14:16 03.03.2018

Poland's Mirbud experts to sign EUR 50 mln in contracts within two years to build roads in Ukraine

2 min read
Poland's Mirbud experts to sign EUR 50 mln in contracts within two years to build roads in Ukraine

Poland's construction firm, which entered the Ukrainian market in January 2018, plans to sign contracts worth about EUR 50 million within the next two years to build roads in Ukraine.

"At the initial stage, Mirbud will concentrate on engineering and road construction in Ukraine... In addition, specialized technical staff allows us to consider the possibility of expanding activities in Ukraine to other segments of construction, for example, investment in the construction of municipally owned buildings," Director of Mirbud S.A. for development in eastern markets Marek Gola told Interfax-Ukraine.

Road builders in Ukraine will have enough work "for at least the next decade," he said, as about 90% of roads in Ukraine need to be repaired.

Gola also says that the plans of the State Road Agency of Ukraine, or Ukravtodor, to tighten the procedure for selecting general contractors, including the requirement to build under FIDIC conditions, can play into the hands of the Polish company with 30 years' experience in the construction of highways.

"The selection procedure mentioned by Ukravtodor will become a huge problem for many Ukrainian road building firms. However, Poland's main customer, the General Directorate for National Roads and Motorways, has already sets such requirements for its contractors for many years," Gola said.

His company will participate in tenders in the coming months, he added.

In the near future, Mirbud is interested in implementing projects in western and central Ukraine. Now the company is checking compliance with Ukrainian requirements, reviewing tender procedures and Ukrainian legislation on public procurements.

"The projects we'll win will be implemented by ourselves with the participation of local subcontractors. Everything will depend on the location of a project," the Polish company explained.

Mirbud LLC was established on January 24, 2018. Its core business is construction of buildings.

The company's head office is located in Kyiv's IQ Business Center at 13-15 Bolsunovska Street. Its only participant is JSC Mirbud (Skierniewice, Poland). Its head is Marek Gola.

Its charter capital is UAH 370,000.

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