OREANDA-NEWS. June 24, 2013. Export-import bank of China has opened financing of the Air Express National project. This was announced by head of the State Agency for Investment and National Projects Vladyslav Kaskiv.

According to him, the Air Express project is the first large infrastructure project realized on the payoff basis. Over the whole history of independence of Ukraine such large scale infrastructure objects have not been implemented without applying of state funding.

The State Agency for Investment and National Projects received an official announcement from Export-Import bank of China about opening of financing the Air Express National project.

“The final task of realization of the project is handing it over in concession or privatization. To assist us in creating of profitable infrastructure objects is called our strategic consultant “Ernst&Young” company,” V.Kaskiv added.

“Opening of the credit line enables already now to start an active stage of construction of high-speed railway passenger communication between Kyiv and the Boryspil international airport,” Kyrylo Bondar, head of Coordination Council of the Air Express National project, has said.

The credit deal also determines the general contractor from the Chinese side – CMCEC (China National Machinery Industry Complete Engineering Corporation), it appears one of the largest infrastructure companies in China. Just CMCEC will deal with procurement in the frames of the Air Express National project.