Interfax-Ukraine
11:23 14.06.2010

UCA soon to start building first economy class low houses at $400 per sq m price

2 min read

Kyiv, June 14 (Interfax-Ukraine) – The Ukrainian Construction Association (UCA) expects soon to start realizing a project to build economy class four-storey buildings with small apartments and an average price of around $400 per square meter, the UCA board chairman Lev Partskhaladze, said at a press conference at Interfax-Ukraine last week.

"There is a certain warming from the ministry [of regional development and construction] and I feel it every day. Next week we'll go to see one construction site, and I invited Dmytro Valerievych [Isayenko, Deputy Regional Development and Construction Minister] to attend," he said.

Partskhaladze said that currently the construction of two or three pilot buildings in the urban fringe of Kyiv on a land plot of 30-40 hundred square meters is being discussed, and later the association plans to start building this type of building all over Ukraine. Partskhaladze plans to raise a UAH 1.5-2 billion three-year credit, which would allow the building 22,000 square meters of cheap apartments in each region of Ukraine.

It is expected that the first economy class houses would function as a part of an exhibition.

"It is planned that a permanent exhibition would be organized in Ukraine, where this type of building would be presented so each person can see the project and what materials are used," he said.

Partskhaladze said that land plots should be allocated free of charge and with installed utility networks, and if the networks are absent, local councils should install them under beneficial conditions. In addition, the association plans to achieve agreement on blueprints according to a simplified system.

It will take two or three months to build the framework of one four-storey panel building with apartments of 25 square meters, and it would take the same time to finish the building, he said.

He also said that Kyiv-based Oberbeton Ukraine, along with two assembly reinforced concrete plants in Zhytomyr and Novomoskovsk (Dnipropetrovsk region), is ready to produce the building frames.

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