The Committee on Construction, Urban Development, Housing and Communal Services and Regional Policy recommends that the Verkhovna Rada should adopt as a basis the draft law on amendments to the Law ‘On Regulation of Urban Development’ (re channeling a part of participatory interest costs for elaboration of urban development documentation)

Information Department of the Verkhovna Rada of Ukraine Secretariat
18 November 2013, 15:10

The bill (Reg. No. 2108a, refined) suggests establish that participatory interest costs in the development of infrastructure of a populated area and outside of its territory, that are paid by the clients intending to develop land plots in a populated area or outside of its territory, are allocated by the local self-government authorities for creation and development of engineer and transport, as well as social infrastructure of the respective territory.         

The bill also suggests establish that financing of the elaboration of necessary urban development documentation is being effected at the expense of investors as well.    

The Committee members upheld the bill, adoption of which will improve state policy in the sphere of urban development and will create an opportunity to enhance the process of elaboration of urban development documentation.