Cabinet of Ministers of Ukraine (CMU) at its Wednesday session on 19 May has approved requirements to the contents of feasibility studies (FS) for investment projects with considerable funds tied up, as reported by Press Office of Ministry of Economy, Trade and Agriculture (META).
“META develops all the necessary by-laws for practical launch of large investment projects’ support which is going to favour the investment climate in Ukraine. The governmental decision is extraordinarily important as it is allowing investors to start developing FS to be submitted along with an application to obtaining state support”, noted Acting Minister of Economy Iryna Novikova.
According to the document, the FS of an investment project with considerable funds must include the venture’s technical realisation assessment and description of technical solutions, information about the amount of investments and assessed cost of the investment site maintenance, the project’s legal analysis outcome, its social and economic impact analysis, the market environment description etc.
The financial performance analysis as well as the financial analysis of project by its financial pattern analysis outcome are required; and also the state support’s general characteristics along with description of its forms and total amount suggested for the project realisation, environmental impact analysis results, the list of project’s risks detected and their assessment as well as the corresponding risks management techniques, the project’s timeline and phases, results of the preliminary evaluation of works organisation and management.
There are also general requirements to FS paperwork defined.
Law on State Support of Investment Projects with Significant Investments was passed by the parliament in December 2020, and signed by President Zelensky in February 2021. The law envisages granting state support to the projects of both national and foreign investors funding of which tops €20M. The particular mechanism of such support shall be dealt with by the newly established governmental Office for Investments Promotion and Support called UkraineInvest.
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