Government cuts funds for building Olympiyska substation in Kyiv by UAH 12.6 million

Print version
Sept. 7, 2012, 7:18 p.m. | Ukraine | Politics — by Interfax-Ukraine

According to the revised budget plan, the cost of equipment for Olympiyska substation dropped from UAH 163,493 million to UAH 151,523 million.


The Interfax-Ukraine News Agency – a company belonging to the Interfax Information Services international group – has been an information provider in the political and economic information market of Ukraine since 1992.

The Cabinet of Ministers of Ukraine has corrected a budget plan for construction of the Kyivska electric substation by laying underground a 110 kilovolt cable from Moskovska substation, cutting the total estimate from UAH 319.427 million to UAH 306.83 million.

The corresponding decision is stipulated in government resolution No. 631 of September 3, 2012.

At the same time, the cost of the building and assembly work was cut from UAH 93.496 million to UAH 90.119 million, while cost of the start-up and adjustment work rose from UAH 2.058 million to UAH 5.31 million.

According to the revised budget plan, the cost of equipment dropped from UAH 163.493 million to UAH 151.523 million.

As reported, in April 2012 Donetsk-based Donbassinformcommunicationservice Ltd. won a tender for design and survey work for the Olympiyska electric substation by laying underground the line from Moskovska substation to Olympiyska substation. The tender that was announced by the Olympiysky National Sports Complex in Kyiv.

The value of the corresponding agreement totals UAH 299.874 million.

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus


© 1995–2016 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.