Control over the implementation of investment projects will be carried out online

The Ministry of Investments and Foreign Trade has launched an automated information system “Control and monitoring of the implementation of investment projects.” This system provides for weekly monitoring of investment projects, and its purpose is to prevent the risk of untimely launch of projects in the post-pandemic period. 

It will be possible to track online the progress of the implementation of investment projects located in different regions, which will make it possible to promptly solve problems arising at different stages of the project cycle and promptly eliminate existing shortcomings. 

The automated system will be a platform with information on the current state of the implementation of investment projects.  The database will be regularly updated with up-to-date information. 

At the moment, the system “Control and monitoring of the implementation of investment projects” operates in a pilot mode.  Employees of the Ministry of Investment and Foreign Trade, local authorities and commercial banks conduct weekly monitoring of the implementation of the projects being introduced.  On a weekly basis, assigned responsible persons visit the enterprises, study the progress of construction work, the current state of supply and installation of equipment, as well as the status of other tasks related to the commissioning of production facilities under construction. 

It is planned to launch the automated system in the normal mode on July 1 of this year.

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