Economy ministry mulling ways to attract $35 bln to modernize obsolete infrastructure

The Ministry of Economic Development and Trade expects to attract $35 billion needed to modernize Ukraine's obsolete infrastructure through public-private partnership.

"Ukraine needs $35 billion to restore its infrastructure. This amount is almost equal to the entire revenue part of the budget-2018. How can we attract such funds? We believe that it's through the public-private partnership. But the current legislation in the field fails to comply with world standards. Therefore, the Ministry of Economic Development has already developed relevant draft laws that will pave the way for real investment," the ministry wrote on Facebook.

Read alsoCabinet willing to borrow $7 bln from China for infrastructure projectsAt the same time, the Ministry notes that if the new legislation is adopted, $300 million can be invested in first concession projects.

"Port facilities may become the first ones," the ministry stressed.