On August 10, Deputy Minister of Economy of Ukraine Iryna Novikova discussed with representatives of the International Finance Corporation the results and prospects of cooperation in the development of public-private partnership in various sectors of Ukraine's economy.

The Deputy Minister stressed the importance of such cooperation for the Ministry of Economy, the Public-private partnership Agency and the relevant public sector bodies responsible for public-private partnership implementation in the selection, preparation and implementation of pilot projects.

“We appreciate the support of our international partners who invest their knowledge and experience in the development of public-private partnership in Ukraine, demonstrating the viability of public-private partnership projects and encouraging the private sector to participate in such projects. This will contribute to a significant increase in private investment in various sectors of Ukraine’s economy in the coming years,” - said Deputy Minister of Economy of Ukraine Iryna Novikova.

For today the International Finance Corporation provides support in the implementation of concession projects in seaports, as well as is actively involved in the analysis of public-private partnership opportunities in the road, rail, energy and medical sectors.

Thus, the work has already begun on the preparation of concession projects in the state enterprise “Sea trading port “Chornomorsk”, as well as researches have been done  and consultations with the market to assess the interest of qualified potential investors in:

• 6 pilot public-private partnership projects in the road sector, selected based on the results of the study “State Roads Program of Ukraine - Options to involve the private sector in the improvement, repair and maintenance of roads”;
• concessions of railway stations in Kyiv, Kharkiv, Dnipro, Vinnytsia, Khmelnytsky, Mykolayiv and Chop;
• pilot project of public-private partnership in the field of health care in Ukraine on the basis of the Clinical Ambulance Hospital in Lviv city.

The participants of the meeting also identified the following steps in the development of cooperation between the International Finance Corporation (IFC) of the Ministry of Economy, Public-private partnership Agency, in particular:

• creation of an effective contract management system for the projects of the first pilot concessions of the ports of Kherson and Olbia in order to resolve any technical, legal, regulatory, environmental and social management issues that may arise during the implementation of projects;
• implementation of public-private partnership projects in various sectors of the Ukrainian economy, including energy, transport infrastructure and health care;
• implementation of the program “Technical Consultation on Climate Resilience and Environmental Sustainability (CREST): Increasing the sustainability of infrastructure through the introduction of a harmonized set of sustainability indicators for infrastructure (ASSI) in Ukraine”.

Reference source: КМУ