March 1, 2018, First Deputy Prime Minister/Minister of Economic Development and Trade of Ukraine Stepan Kubiv and Head of Kyiv City State Administration Vitalii Klytchko signed a Memorandum on cooperation between the Ministry of Economic Development and Trade of Ukraine and Kyiv City State Administration.

Commenting on the contents of the Memorandum, Stepan Kubiv emphasized that at the local and central levels, public-private partnership (PPP) concentrates available resources to ensure economic development, allows to increase investments in modernization of old infrastructure and development of new infrastructure facilities.

"This means the possibility of implementing strategic infrastructure projects, leveraging investment, and boosting the economy. We also change the criteria for assessing the effectiveness of such projects - apart from a purely commercial component, the priority has become the evaluation of positive impact on improving the quality of life of people and the environment", said Stepan Kubiv.

He added that the Government pays considerable attention to expanding the opportunities for public-private partnership projects, in particular it has recently approved amendments to concession laws being an important step for the development of PPP projects.

Stepan Kubiv also noted that the first international conference of the UN Economic Commission for Europe (UNECE) on support for public-private partnership projects will be held in Kyiv shortly.