Business news from Ukraine

INFRASTRUCTURE MINISTRY STARTS INFRASTRUCTURE PROJECTS CONTEST

18 November , 2016  

KYIV. Nov 18 (Interfax-Ukraine) – Ukraine’s Infrastructure Ministry has announced the start of the infrastructure projects contest.

“The Infrastructure Ministry with the help of the reform support group has announced a start of the infrastructure projects contest. This means that any region, city, town or rural community could submit an application to look for an investor to implement projects in the transport and infrastructure sphere. The best projects would be selected. The reform support group that works at the ministry would look for financing to realize them,” the ministry’s press service said, citing Infrastructure Minister Volodymyr Omelyan.

The minister said that the program is intended to support reforming of the transport and infrastructure system at the local level. The projects are to aim at increasing comfort and safety of citizens.

“Infrastructure projects could be financed only if the national interests are observed. The financing cannot be raised for private companies. This is investment in the development of the state, not private business,” Omelyan said.

The application submission system will be available on the ministry’s website.