Yanukovych said this during his trip to Stakhanov in Luhansk region.

"The stock-taking of the coal industry has been completed. Sixty-three investment projects for nearly UAH 50 billion have been selected," said Yanukovych.

The Ukrainian president added that UAH 500 million will be raised by the end of 2010 to finance state coal enterprises Rovenkyantratsyt and Sverdlovantratsyt in Luhansk region.

According to Yanukovych, a program of public private partnership has been drawn up. The program envisages privatization reforms in the coal industry from 2011.

"Ahead of all the privatization agreements will define the questions of investment and execution of all commitments. We will introduce this by a law. Also, investment in the infrastructure of coal towns is foreseen too," he said.

According to Yanukovych, a new wording of the state program "Ukrainian Coal" has been prepared. The new wording envisages the growth in coal production to over 90 million tons by 2015.