DESPRO announces contest for local councils 

Swiss-Ukrainian Decentralisation Support Project DESPRO announces the contest on selection of the pilot project of investment projects’ financing by means of placement of bonds of local loans.

The objective of the project is to support local initiatives directed at solving problems of hromadas by attracting funds from private investors to regional infrastructure development projects.

City councils may become the participants of the competition, if the number of inhabitants of the city does not exceed 500 thousand people. At the same time, preference is given to the cities that are not oblast centers.

The winner of the contest will get a free advisory support on preparation of the documents and calculations, on the volume and conditions of loans necessary for substantiation and approval with the Ministry of Finance; documents necessary for issue registration and prospectus for bond issue of local loans at the National Commission on Securities and Stock Market; and on search for investors.
Successful implementation of the pilot project by the winner of the contest with support of DESPRO Project will allow to restore local loan bonds as a tool for attracting funds, create the image of the winning city as an investment attractive one, and disseminate its experience in other Ukrainian cities.

The funds from placement of bonds are used to finance the budget of the city council budget development and are used to create, increase or update local strategic objects of long-term use or objects that ensure the fulfillment of the tasks of local councils aimed at satisfying the interests of the population and hromadas of the cities.

Priority projects will belong to the following domains: 

  • energy and resource conservation; 
  • solid waste recycling;
  • development of transport infrastructure;
  • tourism development;
  • construction and major housing repair;
  • modernisation of cities’ engineering infrastructure. 

The participant of the contest must clearly define the purpose of using the financial resources involved in the placement of bonds of local loans, to reveal specific volumes and directions of their use. The amount of funds planned to be attracted should not be less than UAH 20 million.

The total amount of borrowings to the local budget by issuing local loan bonds may not exceed the amount of the budget deficit of the development of special fund of the local budget for the corresponding year.

In order to take part in the contest it is necessary to load and fill in an application form and send it to e-mail v.kozak@despro.org.ua  
Deadline for submitting projects is 22 December 2017. 

The decision on the winner of the Contest will be made by the Council of the Contest within 5 days. The winner of the Contest will be personally notified of the victory.

Contact person: Vyacheslav Kozak, v.kozak@despro.org.ua
 

24.10.2017 - 06:28 | Views: 18625
DESPRO announces contest for local councils 

Tags:

competition DESPRO

Source:

DESPRO

Share the news:

Коментарі:

To add comment you should be authorized or sign_in
Read more:

09 April 2021

The TV competition “Our hromada“ is starting to search for development local projects

The TV competition “Our hromada“ is starting to...

“Our hromada“ competition of projects, encouraging and maintaining territorial hromadas development, has begun....

09 April 2021

42 experts were developing indicators for hromadas efficiency assessment system

42 experts were developing indicators for...

A pilot project, aimed at developing the hromadas efficiency assessment system, started by the DOBRE USAID Programme...

09 April 2021

7 hromadas have been selected for the project «Cultural Services Centres as a hromada cohesion tool»

7 hromadas have been selected for the project...

On April, 2 territorial hromadas selection for the project «Cultural Services Centres as a hromada cohesion tool»,...

09 April 2021

State financial aid for agricultural produce manufacturers as a tool of rural territories development

State financial aid for agricultural produce...

The Government has expanded the range of the budget programme, targeted to financial aid provision for agricultural...

09 April 2021