OREANDA-NEWS. July 20, 2011. Ukraine has begun the project "Modernization and reconstruction of the Urengoy–Pomary–Uzhgorod gas pipeline". On an industrial platform of this gas pipeline near the city Boguslav of Kyiv region at presence of the Prime Minister of Ukraine Mykola Azarov and the Minister of Energy and Coul Industry Yuriy Boyko it is welded symbolical "a gold joint".

"Today is extremely important event - "Naftogas" begins scale reconstruction of the Ukrainian part of the Urengoy–Pomary–Uzhgorod gas pipeline", - Mykola Azarov noted.

He emphasized that works on modernization and reconstruction of a gas main are necessary to finish in deadlines.

Within the frameworks of realization of the project the national joint-stock company "Naftogas Ukrainy" has signed the Memorandum with the European bank of reconstruction and progress, as well as the letter on intentions with the European investment bank where intentions of these financial institutions about financing the project are fixed.

Modernization of the Urengoy–Pomary–Uzhgorod gas pipeline will increase efficiency of transit of fuel to the Europe through one of the largest operating routes, reduce negative influence to an environment. In particular, it will be minimized risks of deliveries of natural gas to the European consumers through territory of Ukraine. Reconstruction of a linear part (replacement of isolation and renewal of a pipe) of a gas main with auxiliary objects, modernization and reconstruction of compressor stations, systems of linear tv-mechanics and communication is stipulated.

The project is calculated on 9 years, thus the first turn - for three years. The volume of investments on the first turn of reconstruction exceeds above 538 000 000 dollars, from which 230 million - own means and 308 - credit.

The Urengoy–Pomary–Uzhgorod gas pipeline passes on territory of ten regions of Ukraine.