Ukraine to Attract Investment through Concessions & Industrial Parks
OREANDA-NEWS. April 04, 2013. The Government is developing mechanisms to attract investment through concessions and industrial parks, vice Prime Minister Oleksandr Vilkul said.
In Ukraine, the concession can be used in road construction, the development of the port industry and housing and communal services. Today, public-private partnerships constitute one third of the in the anti-crisis package of projects of G20.
The advantages of this tool are the ability to significantly reduce the cost of state and local budgets for development and modernization of infrastructure and improving operational performance of management of objects.
Over the past 20 years industrial parks in Europe and the CIS are also actively created.
"There is competition for foreign investment by providing the maximum benefits in creating new businesses in certain sectors namely IT, science and engineering, first of all, in import substitution. And it allows us to achieve impressive results. During the period from 2002 to 2012 Turkey's GDP grew by 3.3 times (from 231 to 775 billion dollars). This experience should be used for the development of the national economy," vice Prime Minister Oleksandr Vilkul said in his address at the Committee on Economic Reforms, which was held under the leadership of the President of Ukraine Viktor Yanukovych.
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