Kyiv City Administration has signed a memorandum of
cooperation with a Chinese consortium, consisting of China Railway
International Group and China Pacific Construction Group, for the
implementation of a project to build the fourth subway line in the city.
According to a posting on the administration's website,
Deputy Head of Kyiv City Administration Mykola Povoroznik signed the document
during a visit of a Ukrainian delegation to China. The delegation took part in
the dialog at the high level at the One Belt, One Road forum.
Povoroznik said that under the memo the Chinese consortium
having large experience in building infrastructure projects is a managing
partner of the project to build the fourth subway line in Kyiv. The consortium
intends to analyze the current state of the project implementation.
"Specialists from China would study the current state
of the implementation of the project on construction of the fourth subway line
in Kyiv. They would consider technical details, the volume of financing and the
legal way thanks to which the project will be completed. The study would also
include the assessment of legal and financial viability of the project,
including the feasibility study and the estimated spending," he said.
According to the memo, the consortium of Chinese company
could act as contractor operating under the Engineering, Procurement,
Construction (EPC) conditions and implement projects using the EPC+F (EPC plus
financing) model.
The Chinese consortium would help Kyiv City Administration
to attract funds of Chinese financial institutions, which would help to
establish cooperation with the Chinese government and implement large
infrastructure projects.
Source:www.en.interfax.com
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