South Korean company Hyundai Engineering and Construction will join hands for the reconstruction of the Boryspil International Airport following the end of the ongoing Russia and Ukraine war.
On this , the Ukrainian state company Boryspil International Airport and Hyundai Engineering & Construction (Hyundai E&C) have signed a memorandum of partnership and cooperation to promote the Ukrainian aviation infrastructure's recovery and development.
As per the Ukrainian media and Boryspil International Airport's website, that the document was signed in Poland last Friday between Boryspil Airport Director Alexei Dubrevsky, Hyundai E&C President and CEO Yoon Young-Joon, and Operational Director Kim Kyeong Soo.
"We are happy to conclude a memorandum with Hyundai E&C, which opens up new opportunities for developing and upgrading civil aviation. This cooperation will significantly step up the development and restoration of not only the Boryspil airport but also the entire Ukrainian aviation industry," Dubrevsky was quoted as saying."
Boryspil International Airport's website also read,
During the drawing up the Memorandum, representatives of both Parts expressed their joint confidence that this cooperation would be an example of a successful partnership between Ukraine and Korea. They also expressed hope that the renewal of the Boryspil airport infrastructure will be an important step in the development of the Ukrainian aviation sector and will promote an economic growth of Ukraine.
Hyundai E&C said it would utilise its technologies and experience gained from participation in construction projects at Incheon International Airport, Singapore's Changi Airport and Jorge Chávez International Airport in Peru.
Yoon Young-Joon said Ukraine has substantial potential for developing its aviation sector, and Hyundai E&C sees good prospects of its employment.
"Considering Ukraine's geography, it has strategically important air routes and substantial potential for developing its aviation sector. Hyundai E&C sees opportunities for employing this potential and its contribution to the development of the Ukrainian aviation industry," he said.
"Hyundai E&C will cooperate with Ukraine in restoring not only the country's transport infrastructure, including airports and railways, but also its energy infrastructure."
Boryspil International Airport is the largest airport in Ukraine. Located about 29 kilometers southeast of Kyiv. Before the crisis, the Airport accounted for 62% of the national passenger traffic and 85% cargo traffic. The airport operates a 4,000-meter-long and a 3,500-meter-long runway and terminals with well-developed services.
Hyundai E&C is part of Hyundai Motor Group, a global conglomerate incorporating the automobile giants Hyundai Motor Co and Kia Corporation with 250,000 employees.
The company is known for its major investment projects in the reconstruction and development of international airports and for its extensive expertise in constructing and modernizing airport infrastructure.
Boryspil International Airport's website stated,
Being one of the leading construction companies in the world, Hyundai E&C is known for its large-scale investment projects in the reconstruction and development of international airports. The company has extensive experience in the construction and modernization of airport infrastructure using smart control and security systems.
