The authorized body on PPP issues in Ukraine has been determined

On May 31, 2011 the Ministry of Economic Development and Trade of Ukraine was determined to be a specially authorized body on PPP issues in Ukraine. In accordance with Decree of the President of Ukraine № 634/2011 dated 31.05.2011 “On Ministry of Economic Development and Trade of Ukraine”, one of the main tasks of the Ministry is to form and ensure implementation of policy in field of PPP and development of normative-legal regulation on these issues.

According to the regulation the Ministry:

• ensures conduction of expertise and selection of investment projects that demand a state support within the limits determined by the legislation;
• provides technical and organizational support to the Interagency commission on conclusion and implementation of production sharing agreements, performs their technical-economic expertise;
• prepares proposals and implements measures regarding formation and implementation of a single state policy in field of PPP;
• performs efficiency monitoring of activity of executive power bodies and local government bodies in field of PPP;
• organizes revisions of fulfillment of the agreements concluded in the framework of PPP.