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Economy ministry seeking ways to attract $35 billion on infrastructure modernization

Source : 112 Ukraine

Should the new legislation be passed, $300 million can be invested in first concession projects.
12:28, 16 February 2018

Open source

The Ministry of Economic Development and Trade expects to attract $35 billion required for the modernization of Ukraine’s largely obsolete infrastructure through public-private cooperation, UNIAN reports. 

Related: Japan to allocate $4 million to restore ruined Donbas infrastructure, - Donetsk's Head

“Ukraine needs $35 billion to restore its out-of-date infrastructure. The amount is very close to the amount of revenues the government intends to collect in 2018. We believe that public-private partnership is the best way to attract these funds."

Related: Ukraine’s healthcare spending is Europe's lowest, yet it maintains massive industry infrastructures – research

"However, the current legislation in this area does not comply with the world standards. Hence, the Ministry of Economic Development and Trade has drafted relevant bills that are likely to attract investment,” – a message from the ministry published on its official Facebook page reads.

Related: Government launches reform of bus service market – Infrastructure minister

At the same time, the ministry argues that once the new legislation is adopted, some $300 million may be invested in first concession projects. “Port facilities are likely to become among the first ones,” the ministry emphasized.

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