Business news from Ukraine

UKRAINE INVITES SINGAPORE TO PARTICIPATE IN JOINT INFRASTRUCTURE PROJECTS

9 September , 2016  

KYIV. Sept 9 (Interfax-Ukraine) – Ukraine invites investors from Singapore to participate in joint infrastructure projects, Infrastructure Minister Volodymyr Omelian has said.

“Ukraine is open to strategic investors from Singapore. We would be happy to welcome large Singaporean companies operating in the field of sea ports and port infrastructure, traffic management, aviation, railway and bridges,” he said during a meeting with an adviser of at the Transport Ministry of Singapore Yap Ong Heng at the International Transport Conference “Integrated Transport Corridors Europe – Asia” in Odesa on Thursday, the ministry’s press service reported.

Omelian expressed his hope that a law on concessions will be passed by the end of the year, which will allow foreign companies to plan their work in infrastructure in Ukraine for up to 49 years.

According to him, seaports may become most attractive area for foreign business.

“We are open for investors into port infrastructure and companies operating ports,” the minister added.