Sokal City Council announced the creation of a modern industrial park in Sokal. The project involves the large-scale reconstruction of abandoned industrial sites and is aimed at the economic development of the region.
Holos Sokalshchyny spoke to Myroslav Yezerskyi, Head of the Architecture and Urban Planning Department of the Sokal City Council, to learn more about the details of the project.
Benefits for the community
- Up to UAH 2 billion in investments.
- Annual revenues to the budgets of all levels – up to UAH 200 million.
- An additional 1,000-2,000 jobs will be created in local businesses.
- All companies are registered on the territory of the industrial park, paying taxes according to their territoriality. According to a representative of the Industrial Parks of Ukraine Company at a session of the Sokal City Council during the project presentation, the local budget is expected to receive about UAH 20 million a year from the companies that will operate in the park alone.
- As practice shows, local service businesses (automotive, catering, etc.) are created and developed around industrial parks.
The land plot for the project is leased for a period of 30 years. The community budget does not participate in the investment.
As noted during the presentation at the session of the Sokal City Council, a representative of the company, which has already built 30 industrial parks across Ukraine, at the initial stage, local communities usually provide land tax benefits, reducing the rate for a certain period of time.
Worth knowing: Chervonohrad plans to create a 63-hectare industrial park with 3,250 jobs. The amount of donor funds received is over UAH 10 million. The total investment envisaged for the development of the Chervonohrad Industrial Park over the next three years is expected to amount to over UAH 1.5 billion.
The restoration of the railway line is one of the key points for the effective start of the project. Residents of Sokal know that there used to be a railway line from the Khimvoloka plant across the Western Bug River. But the track was dismantled and is not currently in use. Its restoration will require approximately UAH 150 million, which is planned to be raised as a subvention from the state budget.
To recap: A wind power plant is planned to be built in the Sokal Rayon, which will be able to cover hromada’s electricity needs by 30-40%
According to the head of the Sokalska AH, more than 100 industrial parks have been created in Ukraine, but unfortunately not all of them have started working. One of the elements of successful operation of an industrial park is the presence of an investor company.
And we have an investor in our hromada that wants to build a powerful soybean processing plant. At the moment, the plant’s capacity is limited to processing 50-60 tonnes of soybeans per day. If the industrial park becomes operational, processing will be expanded to 1,000 tonnes,” said Kasyan.
Main project details:
- Location:
The total area of the park will be 25 hectares, including several plots in the industrial zone of Sokal. - The purpose of the
- park is to
- attract investment,
- create up to 1,250 jobs in the park itself,
- promote
- economic development and support for local businesses, and
- implement environmental standards.
- Stages of development:
The project will start in 2024 and is scheduled to be completed by the end of 2028. - Priority sectors
- : Food
- processing, wood processing,
- biofuel production,
- logistics and R&D.
- Financing:
Investments will be attracted from the management company, local businesses, government programmes and private investors.
An industrial park “Ostrov” will also be created in Chervonohrad district. The expected number of jobs to be created is 450-900 in the main industries, more than 500 in related areas, and the expected investment is UAH 480-960 million.
The project will become a key driver of innovation and socio-economic growth in the Sokal region. The reconstruction works include the construction of new facilities, modernisation of infrastructure and creation of conditions for attracting international investors.