Attracting investment through public-private partnerships is one of the priorities in the country’s reconstruction: Yuliia Svyrydenko

The Ministry of Economy is working to increase the effectiveness of the public-private partnership mechanism as one of the priority areas for attracting investment. This was stated by First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko during an online meeting with representatives of the International Finance Corporation (IFC).

“The private sector and private investment will play a crucial role in the country’s recovery. And public-private partnerships will become one of the main mechanisms for attracting investment in various infrastructure, social, energy, health and other projects at both the state and local levels. That is why we are now looking for an opportunity to strengthen the capacity of our PPP Agency and expand its activities, and we are counting on the assistance of our international partners in this direction,” said Yuliia Svyrydenko.

According to the First Deputy Prime Minister, the Ministry of Economy considers public-private partnerships to be one of the most promising areas for attracting investment and is focusing its efforts on modernising this mechanism to make the most of it when the security situation in the country allows.

In particular, the Ministry is actively involved in the development of a draft law, adopted in the first reading by the Parliament, aimed at improving the mechanism for attracting private investment using the PPP mechanism to accelerate the restoration of war-damaged infrastructure and the construction of new facilities related to the post-war economic restructuring of Ukraine (reg. No. 7508). The adoption of this draft law will allow the introduction of a new PPP model based on a readiness fee, which will allow the use of different sources of funding for the simultaneous rehabilitation of a large number of facilities, as well as the simplification and standardisation of procedures for the preparation of PPP projects and the introduction of an electronic procurement system for such projects in line with EU standards.

To date, in partnership with the IFC, a Roadmap has been developed and a list of potential sectors and projects to rebuild Ukraine’s infrastructure and economy has been approved, as well as pilot projects have been identified and are underway despite the war in Ukraine. These include projects in the health, energy, housing and infrastructure sectors.