15:59 10.09.2018

Infrastructure Ministry estimates implementation of Transport Strategy of Ukraine until 2030 at $60 bln

2 min read
Infrastructure Ministry estimates implementation of Transport Strategy of Ukraine until 2030 at $60 bln

Ukraine's Ministry of Infrastructure estimates the cost of implementing the Transport Strategy of Ukraine until 2030 at $60 billion, Minister of Infrastructure Volodymyr Omelyan has said.

"According to our preliminary calculations, the total budget for the implementation of this strategy is about $60 billion until 2030. Of these, more than half is envisaged from the Road Fund, the budget of Ukrzaliznytsia, the Ukrainian Sea Ports Authority, and other agencies. We plan to attract the other part through direct foreign investments, public-private partnership, concession, as well as loans," he explained at a press conference at the ministry.

According to the minister, with regard to foreign investments, first of all, it is planned to attract private foreign capital to create new jobs in the sphere of infrastructure.

Head of the EU Delegation to Ukraine Hugues Mingarelli, in turn, noted that the European Union on its part plans to mobilize the European Investment Bank.

We will also consider the possibility of attracting the EU external investment plan, Mingarelli said.

Omelyan noted that the first priority of the Transport Strategy until 2030 is the creation of a competitive and efficient transport system in Ukraine, as well as the development of its innovative component and the creation of global investment projects.

Mingarelli noted the European Union's main priority is to expand European transport networks to Ukraine and ensure their interconnection with Ukrainian transport systems.

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