Representatives of a working group from the State Automobile Road Service (Ukravtodor) are visiting Poland from 31 March to 1 April to attend the second Cluster World Congress, during which they will look for future partners and investors in implementation of a project involving construction of an Outer Ring Road around Kyiv (BKAD). The Interfax Ukraine news agency reported this, citing the press service of Ukravtodor.

Volodymyr Rudoy, a member of the working group on implementation of the project, will address the congress.

"Today, European investors are not interested in investing funds in construction of only one road. Projects that combine many opportunities are popular among investors. In our case, it is a project on infrastructural attractiveness of the region – construction of a BKAD to link the existing international and national transport corridors with rail, water, and air transport, creation of industrial parks and engineering plants near the BKAD, and construction of new industrial enterprises in the Kyiv region," he said.

According to Rudoy, construction of the BKAD alone will create more than 15,000 new jobs.

In September 2013, the Cabinet of Ministers authorized the State Agency for Investment and Management of National Projects (Derzhinvestproekt) to organize a concession tender for construction of a ring road around Kyiv – from the Stolychne Highway to the Kyiv-Boryspil section of the M03 Kyiv-Kharkiv Highway – and conclude a concession contract. The project was expected to be financed with funds from private investors and the state budget. According to Derzhinvestproekt’s calculations at the time, implementation of the project will reduce the traffic through Kyiv by 20,000 vehicles per day, including 11,000 trucks, and save drivers around 20 minutes on the road.

In addition, the Cabinet of Ministers at the beginning of August 2013 approved a feasibility study for construction of a new bridge with a length of 4.923 kilometers over River Dnipro and the Gora-Rogozov segment of Kyiv’s Inner Ring Road (GKAD) with a length of 25.713 kilometers. The cost of the project was UAH 15.25 billion. None of these projects has begun.