KYIV. Nov 27 (Interfax-Ukraine) – Infrastructure construction projects may become a driver for development of commercial real estate in Ukraine in 2018, if they are subject to support by government-funded programs, if international investors are attracted, in particular the World Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB).
Director of the investment and projects department of Lviv City Council Olha Syvak said at a press briefing in Kyiv on Thursday, several infrastructure projects are already awaiting financing from European investors.
“Lviv has submitted two large investment applications to the European Investment Bank. The documents have been ‘hanging” for a year and a half. We communicate directly with Luxembourg bankers, they say: there are packages for Ukraine, there is an infrastructure project for the development of cities worth EUR 400 million, there is a credit line, while the government does not make any moves to take this money,” Syvak said.
She also said that if the government of Ukraine shows interest in the issue, the country can receive significant financing for infrastructure projects in the short term.
At the same time, Head of DLA Piper real estate practice in Ukraine Natalia Kocherhina said that while banks expect the reaction from the Ukrainian government, private investors are already investing in industrial, especially in the port infrastructure.
She said that the development of this industry can give impetus to commercial real estate.
