Concession of Kyiv Station Complex

The project combines a transport multimodal hub and a large-scale real estate development project (offices, housing, commercial real estate) involving leading global real estate players.

Key project areas

Comprehensive reconstruction and commercialization of the Kyiv-Pasazhyrskyi station complex:

• Central Station (22,119 m², built 1932, major renovation 2001) and Southern Station (21,148 m², 2001)
• Construction of office and retail premises (≈ $64.5 million)
• Development of commercial spaces in the passage (≈ $59.6 million)
• Reconstruction of retail spaces (≈ $0.6 million)

Expected project outcomes

• Creation of a modern multimodal transport hub integrating railway, urban and suburban connections, and the Kyiv Boryspil Express
• Redevelopment of ~43,000 m² of existing station space (Central and Southern stations) and creation of new commercial facilities
• Growth of non-fare revenue and elimination of operational losses of the asset
• Improvement of service quality for 9.8 million passengers/year and development of inclusive infrastructure

Prerequisites and previous project phases

The concept note (June 2021) confirmed commercial feasibility. EY "Strategic Recommendations" report (IFC/GIF, 2020-2021) - PRA analysis, assessment of commercial potential.

Next steps

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

CAPEX: USD 126 million