15:04 08.08.2019

Zelensky promises to invest $20 bln in infrastructure in five years, announces next wave of privatization

1 min read
Zelensky promises to invest $20 bln in infrastructure in five years, announces next wave of privatization

 Ukrainian President Volodymyr Zelensky told about plans to invest at least $20 billion in infrastructure of Ukraine at the Ukrainian-Turkish business forum in Istanbul on Thursday.

He also said that in the next five years, the Ukrainian economy will grow by 5-7% annually.

"Over this time, we will invest at least $20 billion in our infrastructure to repair our 24,000 km of roads, to increase the number of operating airports to 15, to develop 5 seaports, to substantially increase their capacity, to triple the capacity of our military-industrial complex,” the president said.

He also said that during this period the country will pay much attention to the development of a high-quality telecommunications sector and promised to support the lifecell mobile communications operator (the subsidiary of Turkey's Turkcell).

"We will conduct large-scale privatization and sell hundreds of interesting objects to effective investors, create normal competitive rules in the energy markets and simplify the rules of doing business removing restrictions in the areas of labor relations and capital flow," Zelensky said.

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