You're reading: Cabinet increases estimated cost of building subway line in Dnipropetrovsk by Hr 1.1 billion

The Cabinet of Ministers has adjusted the estimated cost of building the first stage of a subway in Dnipropetrovsk.

According to Cabinet decree No. 1055-r dated Oct. 7, 2015, the total estimated cost of construction is Hr 5.618 billion as of Sept. 20, 2013, while government resolution No. 571-r of June 25, 2012 previously declared that the cost as of April 20, 2012 was Hr 4.489 billion meaning that the estimated cost increased by Hr 1.1 billion.

In addition, the length of a two-track line will increase from 11.82 km to 13.16 km, the operational length will remain unchanged at 11.1 km.

New order No. 1055-r renders previous decree No. 571-r as invalid.

As of Jan. 1, 2013, work worth Hr 522.639 million had been carried out.

As reported, the Verkhovna Rada in September 2014 ratified a financial agreement between Ukraine and the European Investment Bank (EIB) on the completion of work to build a subway in Dnipropetrovsk.