Concession of Lviv Station Complex

Transformation of Lviv Station - the second busiest in the country - into a modern multimodal transport and commercial hub, "Gateway to EU," with real estate development on 4.5 ha.

Key project areas

• Station building renovation (a landmark from 1904, 25,292 m²)
• Shopping mall of up to 120,000 m², with parking for 760 spaces
• Redevelopment of the suburban station (1,600 m²)
• Congress center, hotel, offices (phases 2-3)

Expected project outcomes

Passenger flow of 3.5 million people (2025). The 25,292 m² building requires renovation; the 4.5 ha zone has development potential. Three phases: ~348,000 m² GBA, ~USD 272 million.

Prerequisites and previous project phases

Preliminary feasibility study completed (the most prepared project in the portfolio). EY Report (IFC/GIF, 2021) - PRA analysis, full financial model (DCF).

Next steps

• Engage IFC
• Update data at current prices
• Prepare concept note

Phase 1: USD 108 million. Full development (3 phases): USD ~272 million.