Ukraine woos investment in transport infrastructure

English>>World

Editor's Pick

Ukraine woos investment in transport infrastructure

(Xinhua) 20:45, October 15, 2013

Email|Print|Comments

twitter

facebook

Sina Microblog

KIEV, Oct. 15 (Xinhua) -- Ukrainian Deputy Prime Minister Alexandr Vilkul said here Tuesday that both the state and the private sector should step up their contributions to the country's transport infrastructure development.

"Ukraine welcomes the public-private partnerships and private investment in transport infrastructure in a bid to tap its transit potential and spur the economy," Vilkul told a forum on infrastructure development.

Noting that Ukraine is an important logistics and transport hub connecting Europe and Asia, Vilkul said that the development of its transport sector will contribute to the expansion of global trade.

He said Ukraine will hold a series of tenders for expressway construction to encourage the private sector to invest in the country's infrastructure, adding that the government has prioritized the construction of transport corridors linking Ukraine with the European Union countries Russia, Kazakhstan and Turkey.

The development of Ukrainian ports, the country's main gateway to the rest of the world, is also among government priorities, Vilkul said.

Ukraine loses 6.875 billion U.S. dollars annually, 3.7 percent of its gross domestic product, due to poor road conditions. The country plans to spend 27 billion dollars over the next seven years to improve its transport infrastructure.

（Editor：WangXin、Zhang Qian）