Government to submit new draft law on concessions in March – ministry

Government to submit new draft law on concessions in March – ministry

The Cabinet of Ministers in March intends to submit to the Verkhovna Rada a new draft law on concessions in Ukraine.

Deputy Economic Development and Trade Minister Mykhailo Titarchuk stated this in an interview with Ukrinform.

“On December 27, 2017, the government approved the draft law ‘On concessions’. This document is important for us because the current legislation is obsolete. We have systematized and finalized four laws and developed one draft law on the public-private partnership... Now the Secretariat of the Cabinet is completing the draft law, amendments are being introduced. We are planning to send it to the parliament in March,” he said.

Titarchuk explained that in the process of applying a concession, transparent competition is held. The winner then should modernize, reconstruct and manage the facility, while possible risks will be divided between the private partner and the state.

He also noted that after the adoption of the relevant law by the Verkhovna Rada, conditions for doing business will become more transparent and attractive for investors.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: