Business news from Ukraine

Business news from Ukraine

INDUSTRIAL PARK DEVELOPMENT COULD INCREASE OUTPUT OF CONSTRUCTION MATERIALS

18 May , 2016  

KYIV. May 18 (Interfax-Ukraine) – The construction of industrial parks could contribute to production of construction materials in Ukraine for thermal modernization of buildings, the deputy head of the parliamentary committee on construction, urban development, housing and communal services, Petro Sabashuk, has said.

“Currently there is great demand for construction materials for thermal modernization of buildings in Ukraine, where domestic production does not meet the demand,” Sabashuk said at a meeting of the profile committee and industry organizations on May 16.

“Many reinforced concrete plants do not work. The creation of industrial parks on their basis will solve a number of problems, in particular the recovery of industrial production in the country in a modern format, manufacturing construction materials for thermal modernization, creating new jobs and the development of regions,” Sabashuk said.

Representative of Better Regulation Delivery Office (BRDO) Olena Shuliak believes it will be much cheaper to build industrial parks through reconstruction of non-operating plants than to create them from scratch.

“The availability of land for building industrial parks in Ukraine is limited. There are difficulties with land allocation. It is therefore very difficult in the short term to allocate cheaply land for industrial park construction. The cost of reconstruction would be much lower,” she said.