Contest Will Define Investors Who Are To Implement Six Investment Projects in Chernivtsi

On February, 3 expert investment committee selected six objects for the investment contest. They are to be approved by the Executive Committee and ratified by the City Council.
In particular, investors will be offered to construct in the Sadhora district a wholesale agricultural market and an agrarian commodity exchange on the plot of land that has an area of approximately 2 hectares. The wholesale market is to have a modern infrastructure, arranged places for storage and sale of agricultural products and also a service advisory centre for making contracts with the commodity producers. Anticipated volume of investments is USD 1 million.
Three investment offers are planned to be carried out in the central part of the city. Investors are proposed to reconstruct the square on the crossing of Ruska and Zelena streets. Settling of traffic roundabout and construction of a parking lot are included in the project. This investment plan foresees designing and arranging of a traffic junction, projecting of the square, constructing of trade and office premises with the parking lot on the slope, transference of the gas network and good arrangement of adjacent territories. Approximate amount of investments needed is UAH 1 million.
Contest will define the investor for creation of recreation site on Zhasminna Street, near Slovyanska Street, where a decorative lake used to be till 2007. The plot of land has an area of approximately 2.2 hectares. It is offered to construct here a sport and fitness complex, a mini-hotel, a café (restaurant), to arrange an open-air kindergarten and to improve the territory and Slovyanska Street. Amount of investments in the fulfillment of this project is USD 1.5 million.
Investors are proposed to construct a multifunctional complex; a parking lot will be arranged in the basement, playgrounds for children and an alcohol-free café are to be designed on the ground floor. The complex will be situated on L. Kobylytsya Street, 80; the plot of land has an area of approximately 0.03 hectare. Anticipated amount of investments needed is about UAH 1 million.
The contest will also define investors for construction of two sites in the “Lenkivtsi” neighborhood, i.e. Building of a private kindergarten (area of the plot of land is 0.50 hectare) and a commercial and industrial complex (0.40 hectare) on Boyko Street. Both projects foresee arrangement of the adjacent territories and improvements in the technical state of the road carpet. Anticipated amount of investments in the first project is about UAH 1 million and UAH 1.5 million in the second. Implementation terms for the indicated investment projects are from one to three years. Investors will be enlisted to the fulfillment of the projects by tender and according to the standards of the Statute of Terms and Settlement Procedure of Investment Operations in Chernivtsi.