The implementation of public-private partnership projects will attract systemic investments in transport, port and Internet infrastructure of Ukraine, First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv said while delivering a speech at the Verkhovna Rada of Ukraine on June 21.
“We have also signed a memorandum with the International Finance Corporation of the World Bank Group to involve international experts and international experience in implementation of the public-private partnership projects. It is an effective tool for attracting large investments in the construction of roads, ports, bridges and large infrastructure objects, as well as launching broadband Internet throughout Ukraine. There are already several pilot projects and even investors waiting for the opportunity to participate in these projects,” Kubiv said.
The First Vice Prime Minister added that public-private partnership opened up new opportunities for cooperation between the state and private business and in general would have a significant positive impact on the Ukrainian economy.
“The implementation of public-private partnership projects means high-quality roads, annual GDP growth by 5-7%, and tens of thousands of new jobs in the regions of Ukraine,” Kubiv said. (Ukrinform/Business World Magazine)