Kubiv names cost of Ukrainian infrastructure modernization

First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said Ukraine needs over $35 billion to modernize the obsolete infrastructure.

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"We need over $35 billion to modernize the obsolete infrastructure... It is impossible to provide such a financial resource without private capital," Kubiv said during the presentation of the bill "On Concessions" developed by the Ministry of Economic Development and Trade.

Read also"Marshall Plan" for Ukraine: Lithuania pledges political, financial support for projectAs UNIAN reported earlier, Prime Minister of Ukraine Volodymyr Groysman said that the priorities of the draft state budget of Ukraine for 2018 would become decentralization, support for the real sector of the economy, healthcare, and defense.

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