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RequestUpdated on 6 November 2025

Development of design and estimate documentation for the creation of the Korosten-Podilskyi industrial park in the Korosten city

Ivanna Mazurova

chief specialist at the department for Intermunicipal and international cooperation at Korosten City Council

Korosten’, Zhytomyr, Ukraine

About

The purpose of the development is to obtain a list of types of work and a construction estimate to attract additional private investments.

It is expected to attract private investments (approximately 240 million euros) for the construction of factories in the woodworking, textile, food, and construction industries with the aim of creating new jobs (approximately 3,000 jobs).

What does the community need?
-development of design and estimate documentation;
-search for a lead company for the Korosten-Podilskyi industrial park;
-search for members of the Korosten-Podilskyi industrial park.

What does the community already have?
-the industrial park is currently undergoing the registration procedure at the Ministry of Economy and the Cabinet of Ministers of Ukraine in accordance with current legislation.

Advantages for business representatives:

-preferential rate of rent for land (0.1% of the regulatory monetary assessment);
-income tax exemption (for 10 years);
-exemption from value added tax on the purchase of new equipment for production;
-exemption from import duty;
-the possibility of compensation for the cost of connecting to engineering networks (50% from the State Budget)

Organisation

Korosten City Council

Governmental State Institution

Korosten, Ukraine

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