Public Investment Watchdog. August 2026

We have prepared the seventh analytical report as part of the “Public Investment Watchdog” project. Since 2023, we have been monitoring the public investment system and analysing construction and reconstruction procurement on a monthly basis.

Key takeaways from the August issue:

• In August, the Government updated the key resolution on public investment management: it simplified and clarified project preparation, evaluation and adjustment, and integrated the assessment of PPP potential into the overall investment process.
• The reform is starting to move from rules to financing community projects. The Government channelled UAH 4.9 billion of an EIB loan into the state budget’s special fund, allocated local administrations another UAH 1 billion under a separate EIB programme, and is preparing financing from the SFRD — all of this is funding for implementing public investment projects. However, the funds are arriving late in the year, which creates a risk that works will be completed late or inefficiently.
• The Government simplified the procedure for analysing construction prices paid for with public funds, focusing detailed checks on the main price-forming materials and providing for a phased transition to using the Price Database in the USESC.
• Community-level activity on DREAM declined in August: 300 new PIPs were registered versus 704 in July, mostly in education (141) and municipal infrastructure and services (77) — together almost 73% of all new projects. The estimated cost of the new PIPs was UAH 11.6 billion, expected financing fell to UAH 2.3 billion, and financing actually received fell to UAH 0.4 billion.
• In July 2026, the value of construction procurement was close to the level of July last year (7% higher), while the number of tenders was 12% lower. Construction procurement conducted through the electronic system prevailed by value in July.
• The main procurements in July were road repairs and facility reconstructions. Kyiv, Dnipropetrovsk and Kharkiv regions were among the leaders by number of construction procurements conducted. Kherson region had the fewest construction procurements.