Regional Development Ministry initiates funds reservation in 2016 budget for investment projects of local authorities

17:19, 02.11.2015 1 min read

Ukraine's Ministry of Regional Development, Construction, Housing and Utilities Services has initiated the allocation of funds from the 2016 national budget for local authorities to finance the preparation of investment projects with corresponding feasibility studies.

"We should foresee funds in the 2016 budget for local authorities to prepare projects," Deputy Prime Minister, Minister of Regional Development Hennadiy Zubko said during the signing of documents on the transfer of powers of architectural and construction control to Krasny Lyman and Druzhkivka city councils in Kyiv.

He also said that the ministry has initiated the allocation of funds from the 2016 budget for the financial support of united territorial communities, which will make decisions on the submission of various investment projects which are being implemented with the funds of the State Regional Development Fund.