China Exim Bank started to finance Air Express

Export-Import Bank of China started to finance national project "Air Express". This was reported in the press service of the Gosinvestproekta.  

"June 19, 2013 Gosinvestproekt received an official communication from the Export-Import Bank of China to finance the opening of the national project" Air Express "- said in a statement.

Chairman Gosinvestproekta Kaskiv said that the National project "Air Express" — the first major infrastructure project, which is implemented on the basis of okupnoy. In the history of independent Ukraine is not yet implemented such large-scale infrastructure facilities are not for public funds, he added.

"The ultimate goal of the project is to further its transfer to the concession or privatization. Create a profitable infrastructure facility will help us to our strategic consultant — the company Ernst & Young », — said Kaskiv.

According to head of the Coordinating Council of the National Project "Air Express" Cyril Cooper, opening a line of credit allows you to begin now active stage of construction of high-speed passenger rail service between Kiev and the international airport "Borispol".

Credit agreement, reported in Gosinvestproekte also defined the general contractor from the Chinese side — the company SMSES (China’s state-owned machine industry and integrated suborders).

"She is one of the largest infrastructure companies in China. It SMSES will purchase under the national project "Air Express" — said in a statement.

Loan funds are earmarked exclusively, noted in Gosinvestproekte and control over their use will be Gosinvestproekt and the Export-Import Bank of China.

Reference

The national project "Air Express" — is the creation of high-speed passenger services between Art. "Kiev-passenger" and the international airport "Borispol" and the development of infrastructure of the international airport "Borispol".

Gross profitability of the project involves, apart from direct commercial benefits are also positive effects in related sectors — transport, logistics, tourism, services.

The total amount of the loan is 372 millionU.S.. The loan will be released in two tranches. The first tranche of 52 million dollars will be used for design and preparation work. The second $ 320 million will provide a direct construction of infrastructure facilities.

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