The State Road Agency of Ukraine, Ukravtodor, has signed a memorandum of cooperation with China's Poly Changda Engineering Co. Ltd as part of the first stage of the construction of a big ring road around the Ukrainian capital city of Kyiv that will operate on concession terms and link highways M-05 Kyiv – Odesa and M-06 Kyiv – Chop.
"Ukraine has had no experience with concession roads. So, it is very important that we start such projects with major and reliable strategic partners. I sincerely believe that our joint experience will be a success and we will be able to quickly complete all the required feasibility studies to start the construction next year," Ukrainian Infrastructure Minister Vladyslav Krykliy said on October 31, according to the ministry's press service.
As UNIAN reported earlier, the infrastructure ministry had reported that the design and estimate documentation for the first two stages of the big Kyiv Ring Road was ready by 90% and would be completed by the end of the year.
The total length of the new road will amount to nearly 200 km, set to run through Vorzel, Hlevakha, Ukrayinka, Boryspil, and Stari Petrivtsi.
On February 27, 2018, the Verkhovna Rada, Ukraine's parliament, passed Bill No. 6766 to amend certain legislative acts of Ukraine related to the construction and operation of highways, which allows to build and operate the Ukrainian roads under concession contracts.