Petrashko: UAH 3.7B of investments received from first concession agreements

Ukraine has already received UAH 3.7 billion of investments from the implementation of first concession agreements, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said.

The minister noted that the government and the Economy Ministry improved the legislation in the field of public-private partnership in 2020, which allowed concluding first successful concession agreements on Kherson Sea Port and Mykolaiv-based Olvia Sea Port, the press service of the Economy Ministry reports.

Petrashko also reminded that the parliament passed a law on state support for investment projects in December, which will allow the government to negotiate more actively with investors and attract investment to Ukraine on a competitive basis.

“Prior to the adoption of the law, there had been no effective tools to attract large investors willing to invest more than 20 million euros in Ukrainian enterprises. Now we can provide such investors with certain preferential conditions, which corresponds to the practice of developed countries," said the minister.

According to Petrashko, 56 public investment projects have been selected for 2021. Of these projects, 36 will be financed by state capital investments. For this purpose, the state budget envisages UAH 4 billion, which is 3.5 times more than in 2020.

"It is important to note that 65% of these funds, namely UAH 2.5 billion, will be directed to state investment projects implemented in the healthcare sector," the minister added.

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