Ukraine has favorable environment for attracting investment in infrastructure – World Bank

The World Bank believes that Ukraine has a favorable legal environment for attracting business investment in the development of state infrastructure.

According to Ukrinform, Deputy Minister of Economy of Ukraine Iryna Novikova said this during an online seminar on the benefits of public-private partnership, the Economy Ministry's press service said.

"Public-private partnership in Ukraine has become one of the most promising tools for attracting investment over the past few years. A number of successful reforms and innovations have been made to bring existing PPP legislation into line with international standards and practices. The public-private partnership helps implement priority and socially important infrastructure projects and improve the business climate in Ukraine," Novikova said.

She also added that an important result of the implementation of the first phase of the World Bank project is the strengthening of the institutional capacity of public authorities and local government agencies in the initiation, preparation and implementation of PPP projects.

During the webinar, representatives of the World Bank spoke about the potential of public-private partnerships to improve the quality of life in Ukraine, including the importance of involving private business in the development of social and economic infrastructure on PPP terms.

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