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Interfax Ukraine, Kyiv, Ukraine, Wed, November 4, 2009

KYIV - The auction commission of the Ukrainian Transport and Communications Ministry has named U.S. company IMTC-MEI L.L.C. the winner of a tender for the construction of a new passenger terminal for Lviv international airport state company.

The head of the State Aviation Administration, Oleksandr Davydov, said at a press conference in Kyiv that the U.S. company has proposed to pay UAH 4.9 million for the right to build the terminal.  He said that the initial price was UAH 1 million, and the auction bid increment was UAH 100,000.

Davydov said that an investment agreement with the winner would be signed within two weeks. According to the conditions of the agreement, the investor is to invest over UAH 1 billion in the construction of the terminal. The terminal should be built in the terms foreseen by UEFA.  The approximate term for the completion of the construction is August 2011.

Davydov said that no later than three months before the completion of the terminal construction, the authorities and the investor would sign an agreement on the transfer of the airport complex to the management of the U.S. company for 30 years. In 30 years, the airport will be returned to state management or
transferred to an investor under a new agreement.

As reported, in September the Ukrainian Transport and Communications Ministry prolonged a tender to select an investor to build a new terminal at Lviv airport until November 4, 2009.

FOOTNOTE:  IMTC-MEI L.L.C. is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org. Sean T Regan, Ph.D, CCE, CEP, MRICS, Vice President International Operations, IMTC-MEI, serves on the USUBC board of directors and is head of the IMTC-MEI operations in Ukraine and the region. USUBC offers our congratulations to Sean Regan and his colleagues at IMTC-MEI L.L.C. on winning the tender to build the new passenger terminal at the Lviv Airport.