The Cabinet of Ministers of Ukraine has approved new rules for the preparation and implementation of public-private partnership (PPP) and concession projects. The decision is intended to standardize approaches to project selection and assessment, simplify the preparation of smaller initiatives, and integrate PPP projects into the country’s unified public investment management system, according to Ukraine’s Ministry of Economy and Environment.
According to Deputy Minister of Economy and Environment Anna Artemenko, the decision creates a practical mechanism for accelerating the development of public-private partnerships in Ukraine. The government expects that unified rules will make project implementation conditions clearer for investors and help create a larger pipeline of high-quality projects, including those required for Ukraine’s recovery.
One of the key changes is the introduction of a simplified preparation procedure for PPP projects worth up to €5.5 million. Such initiatives will be subject to streamlined procedures designed to reduce the administrative burden and accelerate the preparatory stages.
At the same time, PPP and concession projects will be prepared, assessed, prioritized and selected according to standardized principles. Their preparation will be integrated into the overall public investment management system, allowing the government to apply comparable approaches when assessing the effectiveness and readiness of different investment initiatives.
For the economy, this expands opportunities to attract private capital to projects that are difficult to implement solely through public funding. Under a PPP structure, a private investor may participate in financing, construction, modernization or management of an asset, while risks and obligations are allocated between the public or municipal partner and the private sector in accordance with the terms of the agreement.
The government expects the updated rules to accelerate the modernization of critical infrastructure, improve the efficiency of public resource allocation and expand opportunities to attract European and international financing instruments.
The resolution also introduces amendments to the existing public investment management rules approved by Cabinet of Ministers Resolution No. 527 of February 28, 2025. The primary objective is to make the procedures for preparing, assessing and implementing public investment projects and programs more consistent and transparent, while differentiating requirements depending on the scale and complexity of individual projects.
In particular, the requirements for preliminary investment feasibility studies and full investment feasibility studies are being updated, along with sectoral and expert project assessments and criteria for determining project readiness for implementation. The assessment of public investment projects will also include consideration of whether involving a private partner through a PPP mechanism is possible and economically justified.
The government is also introducing unified project portfolios at the national, regional and local levels. These portfolios may be updated throughout the life cycle of individual projects, allowing investment priorities to be adjusted in response to changes in financing capacity, economic conditions and actual implementation results.
Particular attention is being given to the allocation of responsibilities among participants in the investment process. The new rules more clearly define the roles and responsibilities of public authorities and other parties involved in the preparation and implementation of public investment projects and programs.
The framework also provides for projects to be adjusted throughout their life cycle. If project parameters change substantially, the revised characteristics will be subject to reassessment. This is intended to strengthen oversight of public spending and reduce the risk of projects proceeding on the basis of parameters that have materially changed since their initial approval.
Requirements for planning, monitoring and evaluating the results of public investment projects and programs are also being strengthened. The focus will therefore extend beyond project launch and allocation of financing to monitoring whether the expected economic and social outcomes are actually achieved.
At the same time, restrictions will apply to access to and public disclosure of certain information related to projects where disclosure could create risks for critical infrastructure, cybersecurity or national security. This is intended to balance public investment transparency requirements with the need to protect sensitive information.
Additional opportunities are being introduced for Ukrainian regions and territorial communities in 2026. Subject to a decision by the relevant local investment council, projects with confirmed financing may be included in the unified project portfolio. Local state administrations and local self-government bodies will also be able to independently determine public investment priorities, provided they are aligned with relevant strategic documents.
The mechanism is expected to give regions and local communities greater flexibility in setting investment priorities and allow resources to be redirected more quickly toward the most pressing needs. These may include projects required to strengthen regional resilience and prepare infrastructure for the autumn and winter period.
