President Volodymyr Zelensky has signed a law introducing a number of tools to simplify the operation of the public-private partnership (PPP) mechanism.
This was reported by Ukrinform, citing the bill’s card on the parliament’s website.
The document provides for attracting private investment to accelerate the restoration of infrastructure and the construction of new facilities.
The purpose of the law is to simplify the procedure for preparing and implementing PPP projects. In particular, it proposes the introduction of an “infrastructure installment payment” mechanism, simplifies project preparation (without feasibility studies and efficiency analyses), and allows the implementation of small projects worth up to €5.3 million.
The law also introduces an electronic tendering system, standard qualification requirements for investors, and expands the powers of local authorities.
As reported by Ukrinform, on June 19, the Verkhovna Rada adopted in the second reading and as a whole the law (bill No. 7508), which introduces a number of tools to simplify the operation of the public-private partnership mechanism.