diff --git a/buildSrc/build.gradle.kts b/buildSrc/build.gradle.kts
index 65819eb9bb1..741be217b7b 100644
--- a/buildSrc/build.gradle.kts
+++ b/buildSrc/build.gradle.kts
@@ -22,7 +22,7 @@ buildscript {
     }
 
     dependencies {
-        classpath("org.jetbrains.kotlin:kotlin-build-gradle-plugin:0.0.4")
+        classpath("org.jetbrains.kotlin:kotlin-build-gradle-plugin:0.0.5")
         classpath("org.jetbrains.kotlin:kotlin-gradle-plugin:$buildSrcKotlinVersion")
         classpath("org.jetbrains.kotlin:kotlin-sam-with-receiver:$buildSrcKotlinVersion")
     }
@@ -94,7 +94,7 @@ repositories {
 
 dependencies {
     implementation(kotlin("stdlib", embeddedKotlinVersion))
-    implementation("org.jetbrains.kotlin:kotlin-build-gradle-plugin:0.0.4")
+    implementation("org.jetbrains.kotlin:kotlin-build-gradle-plugin:0.0.5")
 
     implementation("net.rubygrapefruit:native-platform:${property("versions.native-platform")}")
     implementation("net.rubygrapefruit:native-platform-windows-amd64:${property("versions.native-platform")}")
diff --git a/buildSrc/settings.gradle b/buildSrc/settings.gradle
index 3c65f2378b0..46c49875c9f 100644
--- a/buildSrc/settings.gradle
+++ b/buildSrc/settings.gradle
@@ -20,27 +20,13 @@ buildscript {
         }
     }
     dependencies {
-        classpath("org.jetbrains.kotlin:kotlin-build-gradle-plugin:0.0.4")
+        classpath("org.jetbrains.kotlin:kotlin-build-gradle-plugin:0.0.5")
     }
 }
 
 def buildProperties = BuildPropertiesKt.getKotlinBuildPropertiesForSettings(settings)
 
-logger.info("buildCacheUrl=${buildProperties.buildCacheUrl}")
-logger.info("pushToBuildCache=${buildProperties.pushToBuildCache}")
-
-buildCache {
-    local {
-        enabled = buildProperties.localBuildCacheEnabled
-    }
-
-    if (buildProperties.buildCacheUrl != null) {
-        remote(HttpBuildCache) {
-            url = buildProperties.buildCacheUrl
-            push = buildProperties.pushToBuildCache
-        }
-    }
-}
+BuildCacheKt.setupBuildCache(settings)
 
 include "prepare-deps"
 
diff --git a/dependencies/kotlin-build-gradle-plugin/build.gradle.kts b/dependencies/kotlin-build-gradle-plugin/build.gradle.kts
index 010ebc893c6..4d874fbf974 100644
--- a/dependencies/kotlin-build-gradle-plugin/build.gradle.kts
+++ b/dependencies/kotlin-build-gradle-plugin/build.gradle.kts
@@ -4,7 +4,7 @@ plugins {
 }
 
 group = "org.jetbrains.kotlin"
-version = "0.0.4"
+version = "0.0.5"
 
 repositories {
     mavenCentral()
diff --git a/dependencies/kotlin-build-gradle-plugin/src/BuildCache.kt b/dependencies/kotlin-build-gradle-plugin/src/BuildCache.kt
new file mode 100644
index 00000000000..f3eb71577b9
--- /dev/null
+++ b/dependencies/kotlin-build-gradle-plugin/src/BuildCache.kt
@@ -0,0 +1,19 @@
+/*
+ * Copyright 2010-2019 JetBrains s.r.o. and Kotlin Programming Language contributors.
+ * Use of this source code is governed by the Apache 2.0 license that can be found in the license/LICENSE.txt file.
+ */
+
+import org.gradle.api.initialization.Settings
+import org.gradle.caching.http.HttpBuildCache
+import java.net.URI
+
+
+fun Settings.setupBuildCache() {
+    buildCache.local.isEnabled = kotlinBuildProperties.localBuildCacheEnabled
+    kotlinBuildProperties.buildCacheUrl?.let { remoteCacheUrl ->
+        buildCache.remote(HttpBuildCache::class.java) { remoteCache ->
+            remoteCache.url = URI(remoteCacheUrl)
+            remoteCache.isPush = kotlinBuildProperties.pushToBuildCache
+        }
+    }
+}
\ No newline at end of file
diff --git a/settings.gradle b/settings.gradle
index 097d89ae790..e9c15efdfd0 100644
--- a/settings.gradle
+++ b/settings.gradle
@@ -31,7 +31,7 @@ buildscript {
         }
     }
     dependencies {
-        classpath("org.jetbrains.kotlin:kotlin-build-gradle-plugin:0.0.4")
+        classpath("org.jetbrains.kotlin:kotlin-build-gradle-plugin:0.0.5")
     }
 }
 
@@ -48,21 +48,7 @@ gradleEnterprise {
 
 def buildProperties = BuildPropertiesKt.getKotlinBuildPropertiesForSettings(settings)
 
-logger.info("buildCacheUrl=${buildProperties.buildCacheUrl}")
-logger.info("pushToBuildCache=${buildProperties.pushToBuildCache}")
-
-buildCache {
-    local {
-        enabled = buildProperties.localBuildCacheEnabled
-    }
-
-    if (buildProperties.buildCacheUrl != null) {
-        remote(HttpBuildCache) {
-            url = buildProperties.buildCacheUrl
-            push = buildProperties.pushToBuildCache
-        }
-    }
-}
+BuildCacheKt.setupBuildCache(settings)
 
 // modules
 include ":kotlin-build-common",