On 3 October 2019, the Ukrainian parliament adopted in the
second reading of the draft law of Ukraine "On
Concessions" (the "Draft Law"). The
Draft Law introduces a reform of the concession legislation and is
aimed at stimulating investment in, and the large-scale development
of, Ukrainian infrastructure. The Draft Law unifies several laws
regulating concessions (including on the concession of motorways
and roads), aligns requirements in concessions with the
public procurement law, and implements best international practices
in the industry. The Draft Law has yet to be signed by the
President of Ukraine, but this is anticipated and, once signed,
will become effective on the day of its publication in the official
media.
