On 10 September 2024, the second meeting of the Strategic Investment Council was held under the chairmanship of Prime Minister of Ukraine Denys Shmyhal. The main topic of the meeting was the adoption of the Unified Portfolio of Public Investment Projects and the formation of the list of priority projects for financing in 2025.
“The Unified Portfolio of Investment Projects will become a key tool for systematising and coordinating the state policy in the field of public investment. Its approval is an important step towards creating a transparent and effective strategy aimed at developing the country and engaging international partners in its reconstruction,” Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, said.
The meeting reviewed the results of the evaluation of project concepts submitted by the key spending units. The main focus was on the compliance of public projects with the strategic goals of the state and the Ukraine Facility programme.
A total of 750 project concepts were submitted to the portfolio. Of them, more than 100 concepts in the areas of healthcare, education, transport, and energy were identified as priorities and proposed for inclusion in the draft State Budget for 2025. The draft State Budget for the next year provides for UAH 25 billion for the programme of preparation and implementation of public investments.
The meeting also discussed the procedure for submitting and evaluating projects financed by international financial organisations, in particular under intergovernmental agreements with the Republic of Korea and the French Republic. These include projects for the restoration and modernisation of energy infrastructure, water supply, procurement of medical equipment, etc.
In addition, the Ministry of Economy will consider the possibility of attracting private investment and public-private partnerships to finance a number of projects that were not included in the main priority list.
“Attracting private capital can significantly increase the efficiency of reconstruction projects. The Ministry of Economy is interested in seeing projects that would create employment opportunities at the regional level and promote the development of skills in various industries,” Deputy Minister of Economy Volodymyr Kuzio said.
The final list of concepts from the Single Portfolio to be implemented at the expense of the general fund of the State Budget is expected to be approved by the Strategic Investment Council by the end of September. The investment projects will be monitored through the DREAM unified integrated management system for the reconstruction of real estate, construction and infrastructure.