OREANDA-NEWS. January 31, 2013. The Government followed reiterated addresses of local executive authorities and local self-government bodies and lowered minimal cost of investment programs (projects) which could be realized at the account of budget finances of the state fund of regional development. This was announced by the Minister of Regional Development, Building and Housing and Communal Service Hennadiy Temnyk during a teleconference held on commission of a Vice Prime Minister of Ukraine Olexandr Vilkul at the House of Government.

“In order to give a chance to the regions to use the state funds to be directed for socially significant objects with the comparatively low cost, a governmental decision was approved which made amendments to an order of use of fund’s finances. For the objects of regional, interregional and district significance the estimated cost was decreased from 5 to 1 million hryvnyas,” Hennadiy Temnykn informed.

According to him, the regions repeated addresses concerning impossibility to finance from the state fund regional investment programs (projects) the estimated cost of which appears lower than the approved in the Order of preparation, estimation and selection of investment programs (projects), that could be realized at the account of finance of the state regional development, approved by a resolution of the Cabinet of Ministers of Ukraine of July 4, 2012. A resolution which eliminates this flaw was approved by the Cabinet of Ministers during its session held last Wednesday, on January 23, on submission of the Ministry of Regional Development.

“In the state budget 990 million hryvnyas are envisaged for expenses of the regional development fund. By now you have formed propositions to the total sum over 3 billion hryvnyas: top-priority projects to the tune of around 990 million hryvnyas and additional 2.1 billion which is planned to apply under the state guarantees to increase the regional development fund,” Hennadiy Temnyk told heads of regional state administrations.

The money of the state regional development fund is planned to direct for 557 social significance objects, out of which 449 were remained from previous years and 108 – new construction objects. It is envisaged to hold construction activities in 92 pre-school and 24 sports establishments, 154 schools, 94 health institutions, 193 objects of water, heat and gas supplies, culture institutions, transport infrastructure etc.