Page 55 - UKRRptAug19

9.1.3 Transport sector news
Lviv on target to remain Ukraine’s busiest regional air hub with passenger growth of 30.8%. Lviv International Airport serviced 227,000 passengers during June 2019, representing a year-on-year increase of 30.8%. This keeps the airport on track to reach its 2019 target of over two million passengers and maintain its status as the busiest regional airport in Ukraine. Lviv has seen sharp growth in both passengers and flights in recent years thanks to the city’s burgeoning tourism industry and the advent of visa-free EU travel for Ukrainian citizens. Officials recently announced plans to reactivate the airport’s old terminal building in a bid to cope with rising summertime flight congestion. The Soviet era terminal building has been largely unused since being replaced by a completely new facility constructed as part of Lviv’s preparations to serve as one of four Ukrainian host cities during the UEFA Euro 2012 football championship.
Ukraine’s air travel boom continues with five of the biggest airports recording double-digit passenger growth during the first half of the year , compared to the same period last year. Growth champions are: Lviv +46% to 950,000 passengers; Zaporizhia +33.5% to 230,000; Kharkiv +26% to 553,000; Kyiv Boryspil + 20% to 6.7mn; and Kyiv Sikorsky +16% to 1.3mn. As usual, Odesa, the nation’s fourth busiest airport, lags on all fronts -- opening its passenger terminal, completing its new runway, and counting its passengers.
9.1.4 Construction & Real estate sector news
With the average vacancy rate in Lviv’s shopping centres at 2.9%, four new shopping centres are to open over the next 18 months , Oksana Gavrilevich, the analyst for OTG commercial real estate brokers, tells Interfax-Ukraine. The new centres will add 34,600 square meters of gross leasable space, expanding the city’s total retail area by 9%. The two biggest centres are Arsen, at 60 Chervona Ave., with a leasable area of 24,800 square
55 UKRAINE Country Report August 2019 www.intellinews.com