Olga Magaletska took part in the Ukrainian Transport Infrastructure Week

On April 12, 2021, Olga Magaletska, Head of the Office of the National Investment Council took part in the opening Introductory Session of the Ukrainian Transport Infrastructure Week.

The speakers at the session were Vladyslav Kryklii, Minister of Infrastructure of Ukraine; Jason Pellmar, Regional Manager, Ukraine, Belarus & Moldova, IFC; Adnan Rahman, Team Leader, EU-funded project “Assistance to the Ukrainian authorities for the establishment of National Transport Model and Master Plan”; Baher El-Hifnawi, Program Leader, Infrastructure&Sustainable Development, Belarus, Moldova & Ukraine, World Bank; Jean-Erik de Zagon, Head of Resident Representation, EIB; Sevki Acuner, Chairman of the Supervisory Board, Ukrainian Railways and Mark Magaletsky, Deputy Head, Ukraine, Sustainable Infrastructure, EBRD.

Participants of the event discussed the National Transport Strategy of Ukraine until 2030 and Action Plan, the role of infrastructure in the Ukrainian economy, potential investment opportunities in the industry, as well as recent legislative initiatives that will attract new investment into the industry.

Olga Magaletska told the participant about the recently adopted law No. 1116 – IX "On state support of investment projects with significant investments" and what incentives it proposes to investors.

The Head of the Office also stressed that Ukraine has many promising assets that certainly attract foreign investors and which can be implemented in many ways: via privatization or M&A deals, via greenfield and brownfield projects, via PPP projects and concessions: “Infrastructure is one of the most attractive directions for investors. Ukraine has an excellent geographical position at the intersection of Europe&Asia transport routes and between the Baltic and the Black Sea regions. When those approaches implemented correctly, billions of dollars can be attracted to Ukraine”.

Special attention during the speech Olga Magaletska paid to the role of privatization: “Recently, the Ukrainian Parliament adopted Bill No. 4543 that unblocks large privatization. In 2020 the revenue from small privatization was about UAH 2.5 billion (against the planned UAH 400 million). In 2021, the revenue plan from privatization is set at the level of UAH 12billion, and UAH 9billion of revenues can be provided via large privatization. Worth mentioning that a significant share of Ukrainians SOEs can be privatized”.

The Head of the Office also welcomed the approval of an Action plan to the National Transport Strategy 2030 and noted that according to this document, all state ports of Ukraine must become private property, through concessions or privatization.

“So, the significant potential is definitely in infrastructure PPP projects. The mutual goal of the Government of Ukraine is to create a favorable investment and business climate and I hope that with state incentives and new concession & PPP projects we will attract more investments in Ukraine’s infrastructure sector. Office of the National Investment Council is ready to help in attracting new investments in Ukraine and we are always ready to provide assistance and advice”, - summarized Olga Magaletska.

© 2020 Office of the National Investment Council of Ukraine