KIEV, Oct. 15 – UDC Holding, part of the Universal Investment Group, is currently in talks with Arab investors on the possible financing - through an issue of bonds worth EUR 500-600 million under the Eurokoliya project - of the construction of a European-standard railway line from the western Ukrainian city of Lviv to the country's border with Poland.

"We plan to finance the project via an Islamic financial instrument. Investment tentatively will be around EUR 500-600 million. Ukraine would build 86 kilometers of [European-standard railway tracks] from Lviv to the border... We are first to make an attempt to attract Islamic investors into the project. We have received preliminary understanding.