Three industrial parks receive ₴347.5M in grant funds from the state for infrastructure development.

Thursday, September 19, 2024
Three industrial parks receive ₴347.5M in grant funds from the state for infrastructure development.

Three more industrial parks in the Zhytomyr, Zakarpattia, and Vinnytsia regions received state funding under the Made in Ukraine policy in the total amount of ₴347.5M ($8.5M).

The Korosten industrial park in Zhytomyr Oblast will receive ₴83.5M of the required ₴167M from the state for the construction of an access road, BF Terminal in Transcarpathia will receive ₴148M of the required ₴316.6M for the construction of railway tracks and electrical infrastructure, and Vinnytsia Industrial Park will receive ₴116M for road construction (total cost of works ₴232M).

The 2024 state budget has set aside ₴1B to support industrial parks. According to the financing terms, an industrial park can receive up to ₴150M based on a 50/50 co-financing scheme. For industrial parks in the de-occupied territories, the state covers 80% of expenses, up to ₴150M. It is also proposed to reimburse 50% of the cost to connect to electricity networks, with a maximum amount of ₴150M.

 

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