27 October 2016

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Ukraine selecting projects for government investment worth UAH 24 bln

The Interdepartmental Commission for public investment projects chaired by First Vice Prime Minister, Minister of Economic Development and Trade of Ukraine Stepan Kubiv has begun the selection of projects to be financed at the expense of public investment in 2017-2019.

Photo from UNIAN
Photo from UNIAN

According to the press service of the Ministry of Economic Development, 40 projects are being considered, half of which, namely 20 projects, have already been declared as the most likely candidates to receive funds.

"The total amount of investments until 2019 will amount to UAH 24 billion. Projects for investment relate to public health, construction of service housing, socio-cultural sphere, the environment, the functioning of the authorities and the provision of their services, transport infrastructure, and the agricultural sector," the ministry said.

EU launches project aimed at business support in Ukraine As expected, the final list of projects will be approved within the next 10 days, and the funding of the selected projects will be spelled out in the draft state budget for 2017.

"The selection of projects is carried out for the second year in a row as part of the implementation of public investment management reforms supported by the World Bank," the ministry added.

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