Kyiv Ring Road: P3DP Partners with IFC and the National Projects Agency

IFC, PPP, Ukraine

IFC is conducting a feasibility study of a road concession project that will connect Kyiv’s ring road to the highway to Kharkiv. The State Agency for Investment and National Projects has asked for P3DP’s support in the legal analysis for the project. The concession road is expected to greatly reduce congestion around the city, which lies on major transportation routes.

P3DP’s knowledge and experience of the PPP process in Ukraine has been recognized by the National Projects Agency (NPA) and the International Finance Corporation (IFC), the private sector arm of the World Bank Group.  The NPA asked P3DP to help identify regulatory obstacles to the Kyiv Ring Road Project and to propose changes in legislation to address them. P3DP will also join a working group along with IFC, NPA, and Ukravtodor, the state governing body of roads in Ukraine.

Last month, IFC began a feasibility study for a road concession project to connect Kyiv’s ring road to a major highway, which will require building either a tunnel or a bridge. The project will improve the flow of commercial traffic around the city, which intersects with several major transportation corridors in Central and Eastern Europe. The feasibility study will be submitted to the Cabinet of Ministers of Ukraine by the end of first quarter of 2014.

Legislation that P3DP will examine includes the public procurement law, the road concession law, and the PPP law, among others.  It will review how legislation impacts the process for selecting a concessionaire, public spending, contracting issues, permits, land rights, construction and other issues. P3DP’s Tatiana Korotka has drafted a terms of reference for this analytical work for review and comment.

P3DP’s involvement enables it to have valuable input to an important infrastructure project that will have a major economic and environmental impact in Ukraine.  Its expertise, gained through previous legislative work and on pilot PPP projects, will now have a broader impact.