Ukraine to create 105th industrial park in Odesa region for $83 million

The Government has decided to include the Pivdennyi Eco-Industrial Park in Podilsk, Odesa Oblast, in the Register of Industrial Parks. About it said press service of the Ministry of Economy, Environment and Agriculture.

According to Deputy Minister Vitaliy Kindrativ, the park will boost the development of the processing industry and attract investment to the region.

The industrial park is expected to create about 1,500 jobs in the food industry, machine building, furniture and finished metal products, non-metallic mineral products, and research and development.

The total area of the park is 37.39 hectares, and the volume of investments in its development is estimated at UAH 3.7 billion (about $83 million).

Funding is planned to be raised from the management company, park participants, investors, international technical assistance, as well as from the state and local budgets.

The park was initiated by the Podil City Council and managed by Eco Solutions LLC.

Including Pivdennyi, there are 105 industrial parks registered in Ukraine, including 14 this year.

• On August 26, the Cabinet of Ministers added to the register six new industrial parks.