Business news from Ukraine

DNIPROPETROVSK REGIONAL ADMINISTRATION DECIDES TO RE-LAUNCH IDEA OF PAVLOHRAD INDUSTRIAL PARK

28 December , 2016  

KYIV. Dec 28 (Interfax-Ukraine) – Head of Dnipropetrovsk Regional Administration Valentyn Reznichenko has liquidated the Pavlohrad industrial park created under a decision of his predecessor Ihor Kolomoisky dated February 5, 2015. He decided to create it again.

The decision approving the park concept was made on December 13.

According to the document, the park is created for the period of 30 years on a land parcel of 250 ha having borders with the territories of state-run enterprise Pivdenmash and Pavlohrad Technological Equipment Plant LLC.

“The top priority directions of operation for determining the functional importance of the Pavlohrad industrial park are new production facilities that use environment friendly, energy saving, innovative and hi-tech technologies in a wide range of sectors, particularly: engineering, construction materials, logistics, light and processing industries,” reads the document.

It is planned that infrastructure for the park will be built in three stages: 50 ha, 100 ha and 100 ha.

Almost UAH 156 million is required to create the park. The funds would be raised from the national and regional budgets and a managing company. UAH 11 million is required to build power lines and some UAH 4 million to connect to gas, water and roads. It is planned that the creation of the park would help to raise $375 million of investment.

Dnipropetrovsk Regional Administration has announced a tender to select a managing company for the industrial park. Bids can be submitted until January 13, 2017.