: :inin Kyiv (EET)

Ukraine`s Verkhovna Rada passes bill on state investment projects

Ukraine`s Verkhovna Rada has adopted a draft law on state investment projects, which provides for the decentralization of decision-making on investment.

Some 234 deputies supported the document with the required minimum being 226 votes.

”The purpose of the bill is to increase the efficiency of state investment in Ukraine, which, unfortunately, is at an extremely low level now,” head of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk said while presenting the bill.

In his words, the bill provides for the separation of the notions of state investment and state support, as well as national and local investment. It also introduces an economic evaluation procedure prior to investing.

”A very important moment is decentralization of decision-making, i.e. the transfer of the right related to investment-related decision-making to local authorities who could use funds from the local budgets,” Halasiuk said.

The adopted legislative move also envisages the creation of a single register of state investment projects.

As UNIAN reported, Ukraine plans to implement 27 state investment projects in 2017 with financing from the state budget to the tune of UAH 1.65 billion, as well as additional extra-budgetary financing worth UAH 426 million.


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