Business news from Ukraine

INVESTMENT IN CONSTRUCTION SHOULD BE FOCUSED ON INFRASTRUCTURE PROJECTS – GROYSMAN

15 April , 2016  

KYIV. April 15 (Interfax-Ukraine) – Public investment in construction should be focused on the development of infrastructure projects, Prime Minister of Ukraine Volodymyr Groysman has stated.

“A preliminary analysis of the current budget showed that the state invests money in the objects that are 5-7% completed over a year to bring the level to 10%. Simply put, funds are invested in construction pits and turn into eternal construction. If we focus on infrastructure projects, the program of repair and construction of Ukrainian roads, we’ll get several results and make a really useful thing for the country,” Groysman said, when presenting the program of the new government in the Verkhovna Rada.

He also noted that it is necessary to spend public investment on energy efficiency and the development of infrastructure objects, while providing control over the use of the allocated funds and the quality of implemented projects with the support of international organizations.

“In fact, we need to start the overhaul of the country,” the premier added.