The Government of Ukraine has announced that the Kyiv belt road project from Stolychne motorway (Capital motorway) to highway M-03 Kyiv-Kharkiv-Dovzhansky on the area Kyiv-Boryspil will be implemented on a public-private partnership.

The vice Prime Minister of Ukraine Olexandr Vilkul said:

"This is stated in the Resolution, which has been taken today at a meeting of the Cabinet, . This is the first infrastructure project inUkraine, which will be realized with the best European practices on public-private partnership (PPP)".

He noted that the development of transport infrastructure on condition of concession is one of the most effective tools. It has particular importance in Central and Eastern Europe. Olexandr Vilkul said:

"About 30% of investment in infrastructure is being curried due to PPP."

The construction of the city belt road around Kyiv is a pilot project. If it is implemented, it will be possible to spread this successful experience in the whole industry.

The resolution, which was adopted by the Cabinet of Ministers, approves a preliminary feasibility study of the project.

The State Agency for Investment and National projects will have powers to hold the concession tender competition, to sign the concession contract and the obligations on it. According to the resolution, the belt road will be included in the list of state property, which can be given in concession. The project is planed to be implemented by 2017.

The State Agency for Investment and National projects will send within 6 months to send the feasibility study of the project for the government approval.