Less red tape, more money – The government has radically changed the rules for investors
14 August 13:15
The Cabinet of Ministers of Ukraine has adopted a decision that is expected to significantly simplify the process of attracting private investment for the country’s reconstruction. The government has established clear rules for public-private partnerships (PPPs), streamlined procedures for small projects, and harmonized the rules for both public and private investments, according to "Komersant Ukrainian".
“In particular, clear rules for preparing PPP projects are being established, the process of preparing PPP projects is being simplified, and uniform approaches for PPPs and public investments are being defined. This means clear rules of the game for investors and more high-quality projects for Ukraine’s recovery,” said Anna Artemenko, Deputy Minister of Economy and Environment of Ukraine.
The government promises to simplify the process for potential investors in preparing documents for projects with a budget of up to 5.5 million euros. In addition, transparent and standardized rules are being introduced for all PPP and concession projects—from the initial assessment to direct implementation.
The preparation of private projects is set to be fully integrated into the overall state system. This means a unified approach to planning, priorities, and the selection of projects. The main goal of these innovations is to enable the launch of large-scale projects for which there are currently no funds in the budget.
The PPP framework allows for the attraction of private capital and a fair sharing of risks between the state and the private sector. This is expected to accelerate the modernization of critical infrastructure and attract European investment.
The resolution also amends Government Decision No. 527 of February 28, 2025, on the management of public investments. According to the authors of the reforms, procedures will become more streamlined, and requirements will depend on the size and complexity of the project.
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Among the key updates:
- The requirements for feasibility studies, sectoral assessments, and expert evaluations have changed.
- When preparing any government project, an immediate assessment will be made as to whether it is possible and advisable to involve a private partner.
- Unified lists of projects at the national, regional, and local levels are being created, which can be adjusted over time.
- Monitoring of results will be increased, and the roles of all participants will be specified in detail.
- If a project undergoes significant changes, it will be sent for re-evaluation.
At the same time, information regarding critical infrastructure, cybersecurity, or defense facilities will remain closed to public access.
Separately, the document provides for expanded rights for local communities. Thus, investment councils will be able to include projects that already have confirmed funding in the unified portfolio.
Local state administrations and mayors will have the right to independently decide where to allocate funds, guided by their own strategic documents. This should allow communities to make decisions much more quickly and direct funds toward the most pressing needs, in particular, preparing for the fall and winter and ensuring the region’s resilience.
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