Two Chinese companies to build US$1.3 billion 16 km Subway Line in Kiev, Ukraine
The China Railway International Group and China Pacific Construction Group have signed an agreement with the Kiev City State Administration to construct a 16km long fourth subway line with an estimated cost of the project of will be about US$1.3 billion, and some 16 kilometres in length.
The two Chinese companies will be responsible for engineering, procurement, and for the management and construction of the project. In addition, the two Chinese companies will assist the Ukraine government in raising funds for the project from Chinese financial institutions.
Kiev currently has three subway lines with a total length of 67.6 kilometres.