Building corporation «UkrAsiaBuild» was created according to Decree of Cabinet of ministers of Ukraine of January 19, 1998 № 21-р. It is an association combining the largest building and industrial enterprises with the largest scientific, research and design institutes in Ukraine. The Corporation is a new type of company, providing investment activities and performing the entire range of works – from engineering, design development and estimate documentation to «turn-key» commissioning of projects.
The members of the corporations are leading Ukrainian enterprises: State corporations "Ukrmontazhspetsstroi" and "Ukrtransstroi", close joint stock company "Ukrneftegasstroi", concern "Azovmash" and State scientific-research and design institute of general chemistry (NIOHIM). Policy on the development of the corporation is determined by its Board. Efficient management of the 148 people working in the administration of BC "UkrAsiaBuild" is performed by the heads of various departments (photo below).

The purpose of creating the corporation was the expansion of mutually beneficial external economic ties in construction of priority projects abroad, as well as providing stable functioning of construction complexes in Ukraine and the settling on this base of internal and intergovernmental accounts, including supplies of natural gas and other types of energy into Ukraine.
The partners of the corporation are large-scale Ukrainian and foreign companies, including: ОАО «Frunze SMNPO», Transport and energy systems of Ukraine «Neftegasizolyatsia», «Himtehnologiya», «Severodonetskiy ORGHIM», «Dneprogiprotrans», corporation «Industrial Union of Donbass» and others.
The creation of «UkrAsiaBuild» was a response to changes in economic and political conditions in CIS countries.
The Production and scientific potential, as well as the personnel and resources of the members of the corporation, make it possible to combine many years’ experience with modern concepts of management and work organization for the execution of large-scale intergovernmental projects. In difficult conditions of partial or non-payment and insolvencies the corporation uses new and alternative mechanisms of financing and outside funding.
The total turnover of the corporation, from 1998 to 2002, exceeded 1 billion UAH.
In 2002 BC «UkrAsiaBuild» initiated the creation of the consortium «Ukrainian Industry» jointly with corporation «Industrial Union of Donbass», «First International Ukrainian Bank», JSC «Gaztransit».

Antonina KOTOVSKA,
Chairman of Board
Deputy Chairman of Board, Transport Construction