The State Property Fund of Ukraine (SPF) has presented a website dedicated to the launch of the Land Bank with the publication of answers to the main questions on land relations, as well as a map with the lands that will be accumulated in the Land Bank.
According to the FGI website, the law launching a transparent lease of state-owned agricultural land through online auctions was adopted by the Verkhovna Rada on July 27, obliging the Fund to create a Land Bank.
“The main goal is to fight corruption on state-owned agricultural land. Every year, unscrupulous managers of state-owned agribusinesses leased state land to businesses under “gray” schemes. In their pockets got tens of millions of dollars of cash, and the state – losses,” – quoted the press service of the head of the FGI Rustem Umerov.
It recalled that about 700 thousand hectares of state farmland for years did not bring funds for the budget and citizens. FGI intends to change this by accumulating information about them in the Land Bank and will subsequently lease through open online auctions on the electronic platform Prozorro.
“The new investment product will allow each Ukrainian to start their own business, transparently and openly leasing a land plot through an online auction “, – emphasized in the FGI.
According to preliminary calculations, the expected economic effect from the introduction of transparent land lease will be up to 7 billion UAH per year.
The first auctions will be held in 2024.
