The U.S. company Amstar plans to build a logistics complex for $170 million in the village of Hurivschyna of Kyiv region, the press service of Kyiv Regional State Administration has reported.
“Together with the Agency for Regional Development of Kyiv region, we are working to establish high-quality communication with investors. One example is the Amstar company. They have already begun to build a logistics complex on the territory of the Dmytrivka community,” Head of Kyiv Regional State Administration Vasyl Volodin said.
According to the project, the complex with a total area of 340,000 square meters will be located on a land plot of 55 hectares. Its implementation will create about 2,000 jobs.
Amstar is an international private equity fund headquartered in Denver, founded in 1987. It specializes in investments in commercial and residential real estate.
The State Regional Development Fund will finance 297 investment programs and projects worth UAH 4.3 billion in 2021, according to the decision of the Cabinet of Ministers.
The resolution of April 12 was published on the government’s website.
According to the document, the largest number of projects is planned to be financed in Ternopil region – 24 projects for UAH 142 million, Luhansk region – 19 projects for UAH 177 million, Cherkasy region – 19 projects for UAH 95 million, and Donetsk region – 17 projects for UAH 561 million.
In Kyiv, it is planned to finance four projects worth UAH 256 million, including UAH 175.8 million allocated for the first phase of the construction of Bortnychi aeration station, as well as the reconstruction of its pumping station.
According to the resolution, in general, Kyiv region will receive UAH 154 million for the implementation of 11 projects.
Earlier, the government changed the procedure for selecting investment projects of the fund, in particular, it changed the deadlines for some stages in the current edition, the assessment and preliminary selection of investment programs and projects should be completed no later than August 1 of the year, which comes before the planned one, instead of May 1.
According to experts of Kyiv School of Economics (KSE), this will make it possible to better predict the situation both in terms of budgeting and for competitors who will be able to better understand their needs and opportunities in future budget periods.
In addition, for large construction projects worth over UAH 100 million, the implementation period was allowed to be extended from four to five years. For such projects, the lower cost limit is also doubled up to UAH 10 million.
“This will provide for more flexibility in planning the budget for long-term projects and reduce the number of potential long-term construction projects,” the KSE said on its Telegram channel.
However, the government did not make amendments regarding the requirements for the timing of the publication of the protocols after the meeting of the commissions or broadcasting of such meetings, the KSE said.
“Lack of publicity and transparency, on the one hand, does not contribute to trust in this tool, and this increases the likelihood of losing motivation for the authors of potentially good projects. On the other hand, it creates threats to influence the final list of objects and the amount of funding,” the KSE said.
The Cabinet of Ministers of Ukraine has approved a list of 477 investment programs and regional development projects for the total amount of over UAH 4 billion, which will be financed by the State Regional Development Fund in 2018.
“We have approved the first list of investment programs and regional development projects that will be financed from the State Regional Development Fund in 2018. Now 477 projects for a total of more than UAH 4 billion are approved,” the press service of the Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine reported with reference to the decision of the government on Wednesday.
Some 80 educational facilities (regular schools and kindergartens) for the amount of UAH 1.3 billion will be built in the regions at the expense of the State Regional Development Fund, 95 facilities of public health and social protection – UAH 804 million, 78 sports facilities – UAH 740 million, 36 water supply and sewage facilities – UAH 200 million, 25 facilities of road and transport infrastructure – UAH 334 million, and 26 cultural facilities – UAH 397 million.
The draft resolution on financing at the expense of the State Regional Development Fund includes projects that have been submitted to the Vinnytsia, Volyn, Dnipropetrovsk, Donetsk, Zhytomyr, Zakarpattia, Zaporizhia, Ivano-Frankivsk, Kyiv, Kirovohrad, Luhansk, Lviv, Mykolaiv, Odesa, Poltava, Rivne, Sumy, Ternopil, Kharkiv, Kherson, Khmelnytsky, Cherkasy, Chernivtsi, Chernihiv regional administrations and Kyiv City Administration.
