AIRPORT UPGRADE

Yaroslavsky to redevelop Dnipro International Airport via public-private partnership

Dnipro airport redevelopment is seen as one of the most strategically important infrastructure projects in today’s Ukraine

Business Ukraine magazine
Wednesday, 14 March 2018 21:07

Dnipro may be about to get a modern international airport. Ukraine’s industrial capital suffers from poor international connections due to the city’s reliance on outdated and limited existing airport facilities, much of which date back to the 1940s. At present, the state owns the runway while the terminal belongs to Dniproavia company. However, Ukrainian business figure Oleksandr Yaroslavsky is reportedly ready to take on the complete redevelopment of the airport.

This would not be Yaroslavsky’s first experience of redeveloping an existing but outdated Ukrainian airport facility. The president and owner of DCH Group was behind the complete overhaul of Kharkiv International Airport ahead of the eastern Ukrainian city’s role as host city during the Euro 2012 football championship. The redevelopment of Kharkiv airport was undertaken within the framework of a public-private partnership and involved USD 107 million in investments from Yaroslavsky. The project redeveloped Kharkiv International Airport comprehensively, with new passenger and cargo terminal buildings built to the latest European standards and the former Soviet-era terminal transformed into a VIP terminal facility.

Plans to transform Dnipro International Airport are said to be progressing. Yaroslavsky has now reportedly reached agreement with the local authorities in Dnipro, including with Mayor Filatov. He has also discussed the prospects of the project with chief Dniproavia stakeholder Ihor Kolomoiskiy.

Yaroslavsky’s DCH Group has been active in Ukraine for more than 20 years and has a current investment portfolio including projects in the finance, industry, transportation, construction, and hotel businesses. Recent acquisitions include Kharkiv Tractor Factory, the Sukha Balka mine in Kryvih Rih, and the “Petrovka” Dnipropetrovsk Metallurgical Plant.

Yaroslavsky remains perhaps best known for his role in helping to prepare Kharkiv for the Euro 2012 football championship with investments worth over USD 300 million. He has also garnered headlines for his involvement in Kharkiv sports as the former president of Metalist Kharkiv Football Club from the mid-2000s until 2012 and as president of Kharkiv’s all-conquering Olymp Rugby Club since the club’s inception.  

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