The State Regional Development Fund will finance 297 investment programs and projects worth UAH 4.3 billion in 2021, according to the decision of the Cabinet of Ministers.
The resolution of April 12 was published on the government’s website.
According to the document, the largest number of projects is planned to be financed in Ternopil region – 24 projects for UAH 142 million, Luhansk region – 19 projects for UAH 177 million, Cherkasy region – 19 projects for UAH 95 million, and Donetsk region – 17 projects for UAH 561 million.
In Kyiv, it is planned to finance four projects worth UAH 256 million, including UAH 175.8 million allocated for the first phase of the construction of Bortnychi aeration station, as well as the reconstruction of its pumping station.
According to the resolution, in general, Kyiv region will receive UAH 154 million for the implementation of 11 projects.
Earlier, the government changed the procedure for selecting investment projects of the fund, in particular, it changed the deadlines for some stages in the current edition, the assessment and preliminary selection of investment programs and projects should be completed no later than August 1 of the year, which comes before the planned one, instead of May 1.
According to experts of Kyiv School of Economics (KSE), this will make it possible to better predict the situation both in terms of budgeting and for competitors who will be able to better understand their needs and opportunities in future budget periods.
In addition, for large construction projects worth over UAH 100 million, the implementation period was allowed to be extended from four to five years. For such projects, the lower cost limit is also doubled up to UAH 10 million.
“This will provide for more flexibility in planning the budget for long-term projects and reduce the number of potential long-term construction projects,” the KSE said on its Telegram channel.
However, the government did not make amendments regarding the requirements for the timing of the publication of the protocols after the meeting of the commissions or broadcasting of such meetings, the KSE said.
“Lack of publicity and transparency, on the one hand, does not contribute to trust in this tool, and this increases the likelihood of losing motivation for the authors of potentially good projects. On the other hand, it creates threats to influence the final list of objects and the amount of funding,” the KSE said.
