Kubiv told how much money is needed for modernization of infrastructure of Ukraine

The Deputy Prime Minister said that finding means the country will help concession projects.

Ukraine on the modernization of the aging infrastructure to more than 35 billion dollars. This was announced by first Vice Prime Minister of Ukraine, head Minekonomrazvitija Stepan Kubiv.

“For the modernization of the aging infrastructure to more than 35 billion dollars,” he said. According to Kubiv, to ensure that such financial resources necessary private capital.

The Minister noted that one of the most effective mechanisms of developing infrastructure is a public-private partnership. “This tool in developed countries is one of the main means use of financial instruments,” he said.

Kubiv said that this partnership allows to share the risks between government and the private sector, to ensure effective management of infrastructure projects, using the experience of the private sector.

According to the Vice Premier, the system of the current legislation on concessions has not worked.

“I am convinced that the updated law on concessions will not only open new opportunities but will also open a new market,” he said.

Kubiv also said that the Ministry of Infrastructure jointly with the EBRD and the world Bank is preparing three concession pilot project in the field of port infrastructure. In particular, according to him, today, projects of concession stevedoring company “Olvia”, the Kherson trade port and ferry terminal in the port of Chernomorsk.

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