16:24 25.02.2015

Cabinet intends to toughen state investment procedure

1 min read
Cabinet intends to toughen state investment procedure

The Ukrainian government intends to tighten the procedure of state investment and will propose that the parliament amends legislation, Economic Development and Trade Minister of Ukraine Aivaras Abromavicius has said after a Cabinet meeting.

"A law on the establishment of an interdepartmental commission, which will examine the effectiveness of projects [requiring state investment], will be submitted to the parliament," he said.

The minister noted that currently, state investment is issued without any economic evaluation and most projects using public funds are never completed. As an example, he cited the construction of a new facility at the Okhmatdyt National Children's Specialized Hospital in Kyiv.

AD
AD
AD
AD
AD