New Residential Development in Borodyanka: Construction Underway
On July 2, the Infrastructure Restoration and Development Service of Kyiv Region awarded a tender to "Ukrainian Construction Company" for the construction of a multi-apartment residential building worth 258.50 million UAH.
According to reports from "Our Money" referencing "Prozorro", a new nine-story building for 270 residents, complete with an underground parking facility, is expected to be completed by the end of 2026 at Centralna St. 353. The previous building at this address was destroyed in March 2022 due to Russian bombings. In November 2022, the famous artist Banksy created a mural of a gymnast on its ruins.
The project is financed by the Fund for Liquidation of Consequences of Armed Aggression by the Russian Federation.
The publication notes that while concrete and equipment prices are market-based, some items are not specified, and prices for certain construction materials appear inflated.
"Meanwhile, the calculated salary for builders seems understated. This inflation in material prices may be used for envelope salary payments. The budget allocates an average worker's salary of 19,087 UAH. According to the Pension Fund, the average salary for pension calculations is slightly higher at 20,355 UAH, while the average salary for construction jobs in Kyiv, according to Work.ua, is significantly higher at 37,500 UAH," the publication suggests.
"Avtomagistral-Zakhid" offered a price 1,000 UAH lower, but the customer rejected it due to failure to rectify deficiencies in a day. The more expensive competitor was "Buildgroup", which did not lower its price during the auction.
Currently, the "Ukrainian Construction Company" from Irpin is owned and managed by Serhiy Kutovyi from Luhansk region.
The responsibilities of the head of the Kyiv Region Restoration Service are performed by Vasyl Cherniuk.
