In 2024, Ukraine’s Cabinet of Ministers started implementing its public investment management reform. It established a Strategic Investment Council to coordinate the development, submission, and evaluation of investment projects.
On September 10, the Council formed and approved a Single Public Investment Projects Portfolio. The criteria for preparing, submitting, evaluating, and prioritizing the 2025 public investment project proposals were established in the CMU Resolution No. 903, approved on August 9, 2024.
The 2025 transitional model outlines the submission of investment project proposals by the Key Spending Units - Central Executive Authorities (CEAs) and Regional Military Administrations (RMAs)) - through the DREAM ecosystem and their evaluation by the Ministry of Finance, the Ministry of Economy, and the Ministry for Communities and Territories Development of Ukraine within their respective competencies.
As a result, a list of projects was compiled and is available for review via the DREAM website.
According to the Government's action plan for implementing the 2024-2028 Roadmap for Public Investment Management Reform, the Ministry of Economy is working on an updated methodological framework for public investment management, transforming the approach to prepare, submit, evaluate, and monitor public investment projects. The updated model will be implemented in the DREAM ecosystem during the second quarter of 2025.
In particular, the new model will prepare public investment projects at the community level by validating and assessing them at the regional and sectoral levels to form sectoral portfolios based on projects submitted by communities, CEAs, and RMAs. This single portfolio will be updated constantly, allowing initiators to submit new projects regularly.
The model will be updated in the first quarter of 2025 and implemented in the DREAM ecosystem to facilitate a Single Public Investment Projects Portfolio, starting from the community level and working with it at the regional and sectoral levels.