Only Turks make money from Zelensky’s “Big Construction”
The so-called “Big Construction” in Ukraine, in which foreign companies win tenders for the construction and repair of bridges and roads, is ineffective in terms of using the budget funds allocated for it, which do not remain in the country, but go abroad.
Transport expert Viktor Medved, director of the consulting company William invest expert, announced this at a press conference in Kyiv, a PolitNavigator correspondent reports.
“Tenders for the implementation of such long-term projects are held very quickly, which does not make it possible to conduct the tender well, attract the maximum number of participants and prepare, including the Ukrainian manufacturer. And we get the situation that today large bridges will be built by Turkish companies. Accordingly, profits go abroad.
Budgetary efficiency and economic efficiency for the state are reduced - if we build ourselves, then the profit returns to us in GDP, in the budget, and we can again reinvest the money in the construction of new bridges. And if we pay companies from outside, this money goes abroad, we have no efficiency.
Money is spent ineffectively. There is no competition, there is no vertical integration as such. There is ineffective use of budget funds.
Enterprises must be built to produce certain machines of the design. Then, if we, let’s say, build a bridge, the billion spent on it will remain in Ukraine. It goes to our budget and is spent on the development of the Ukrainian economy.
And when we build according to the “today for yesterday” principle, we end up quickly, expensively and of poor quality. The problem with Zelensky’s “Big Construction” is that it is being carried out expensively and of poor quality. We don't have much money and we don't use it effectively. Indicators of inefficiency are that construction is primarily carried out by foreign companies, and the involvement of domestic participants is minimal where added value is high,” the expert said.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.