DIP AND IFC began a collaboration to build a road under PPP

The national project "Urban Ring Road around the city of Kiev" (MCD) has concluded a cooperation agreement with the International Finance Corporation (International Finance Corporation, IFC).

 

The agreement was signed with the President DerzhinvestproektuVladislav Kaskiv, the chairman of the regional office of IFC in Ukraine and Belarus Rufat Alimardanov and Chairman of the State Agency of Ukraine Eugenia roads Prusenko.

"For us it is especially important that we started this way, in partnership with the IFC, an organization with many years of international experience in supporting projects for the construction of roads under concession, that is, with private funds. In the framework of our cooperation International Finance Corporation will help attract a strategic partner for the construction and ongoing operation of "City Ring Road", "- said Kaskiv.

The main results and conclusions of the preliminary analysis of the IFC will be presented to the Cabinet of Ministers of Ukraine by the end of the first quarter of 2014.

"At this stage of cooperation, IFC is working as a consultant to governments and recommendations how to attract investors and the private sector. We will make a preliminary assessment of the possibility of implementing the project. After that IFC together with the government to consider the possibility and advisability of moving to the next stage of our cooperation ", — said the head of the regional office of IFC in Ukraine and Belarus Rufat Alimardanov.

Chairman of the State Agency of Ukraine Yevhen roads Prusenko noted that the implementation of large-scale infrastructure projects on public-private partnership — this is a common international practice, to which Ukraine should also join.

"It is very important that Derzhinvestproektu in the implementation of the first pilot project of infrastructure concession known corporation to help IFC. Ukrautodor its part also provide full support to the National Project "- said E.Prusenko.

Recall, September 4, 2013 the Cabinet approved the preliminary feasibility study "Urban Ring Road around the city of Kiev," in which it was determined that the project will be implemented on a concession basis and in cooperation with the International Finance Corporation. The corresponding decree number 640 of July 17, made public on the website of the government.

For reference:

International Finance Corporation, IFC

IFC, a member of the World Bank Group, is the largest global development institution focuses its activities exclusively in the private sector. We foster sustainable economic growth in developing countries by financing investment, mobilizing private capital in the international financial markets, and providing businesses and governments advisory services. In fiscal 2013 our investments aimed at strengthening the capacity of the private sector to create jobs, stimulate innovation and solve pressing global problems of development, reached a hitherto unprecedented record level of more than $ 25 billion SShA.Dopolnitelnaya information:www.ifc.org.

About the ICM

The project area the city’s ring road connecting Capital Highway and highway Kyiv — Kharkiv — Dovzhanskiy (M-03). The length of the plot is about 19 km, crossing the Dnieper River: Bridge — 0.7 km or tunnel — 5.1 km. The maximum speed is 110 km / h. Number of bands: 3 on each side, the number of interchanges — 4, traffic — 30-60 thousand cars / day.

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