The Cabinet of Ministers of Ukraine has approved new rules for preparing and implementing public-private partnership (PPP) projects and concessions. The decision should unify approaches to the selection and evaluation of such projects, simplify the preparation of small initiatives and integrate PPPs into a single public investment management system. As InVenture informs, this was reported by the Ministry of Economy and Environment of Ukraine. The PromPolitInform portal writes.
According to Deputy Minister of Economy and Environment Anna Artemenko, the adopted decision creates a practical mechanism for activating public-private partnership in Ukraine. The government expects that the unified rules will make the conditions for project implementation clearer for investors and will allow for the formation of more high-quality projects, in particular those needed for the country’s recovery.
One of the key innovations will be a simplified procedure for preparing PPP projects worth up to €5.5 million. Simpler procedures will be applied to such initiatives, which should reduce the administrative burden and speed up the preparatory stages.
At the same time, PPP projects and concessions will be prepared, evaluated, prioritized and selected according to unified principles. Their preparation is integrated into the general public investment management system, thanks to which the state intends to apply comparable approaches to assessing the effectiveness and readiness of various investment initiatives.
For the economy, this means expanding the possibilities for attracting private capital to projects that are difficult to implement solely through budget financing. Within the framework of PPP, a private investor can participate in financing, construction, modernization or management of the facility, while risks and obligations are distributed between the state or local partner and the business in accordance with the terms of the agreement.
The government expects that the updated rules will accelerate the modernization of critical infrastructure, increase the efficiency of the use of public resources, and expand the possibilities of attracting European and international financial instruments.
In addition, the resolution amends the current rules for public investment management, approved by Cabinet Resolution No. 527 of February 28, 2025. The main objective of the changes is to make the procedures for the preparation, assessment and implementation of public investment projects and programs more consistent and transparent, while differentiating the requirements depending on the scale and complexity of a specific project.
In particular, the requirements for preliminary investment and investment feasibility studies, industry and expert assessment of projects, as well as for determining their readiness for implementation are updated. During the assessment of public investment projects, the possibility and feasibility of involving a private partner through the PPP mechanism will be additionally considered.
The government is also introducing unified project portfolios at the state, regional and local levels. Such portfolios will be able to be updated throughout the life cycle of projects, which will allow adjusting investment priorities taking into account changes in financial capabilities, the economic situation and actual implementation results.
Special attention is paid to the distribution of powers between participants in the investment process. The new rules more clearly define the roles and responsibilities of authorities and other participants in the preparation and implementation of public investment projects and programs.
The possibility of adjusting projects during their life cycle is also provided. In the event of a significant change in the parameters of the project, its updated characteristics must be re-evaluated. This should strengthen control over the use of public funds and reduce the risk of implementing projects whose initial parameters have changed significantly.
At the same time, requirements for planning, monitoring and evaluating the results of the implementation of public investment projects and programs are being strengthened. Thus, the emphasis is shifted not only to the launch of the project and the allocation of funding, but also to the control of the achievement of planned economic and social results.
At the same time, for projects, information about which may pose threats to critical infrastructure, cybersecurity or national security, restrictions are established on access and public disclosure of certain data. This will make it possible to combine the requirements for transparency of public investments with the need to protect sensitive information.
Additional opportunities are provided for regions and territorial communities in 2026. By decision of the local investment council, projects with confirmed funding can be included in the single project portfolio. At the same time, local state administrations and local governments will be able to independently determine the areas of public investment, provided that they comply with strategic documents.
Such a mechanism has give regions and communities more flexibility in the formation of investment priorities and will allow for more rapid reallocation of resources to the most relevant areas. In particular, we are talking about projects necessary to ensure the stability of regions and prepare infrastructure for the autumn-winter period.
