Reconstruction of part of the park of culture and recreation (land improvement) on Myru Street in Derazhnya, Khmelnytskyi district, Khmelnytskyi region
Sector
Municipal infrastructure and services
Stream
Development and rehabilitation of municipal infrastructure of subnational governments
Preliminary Investment Feasibility Study
Project Status
Investment Feasibility Study
Entry into Portfolio
Local level of SPP
Implementation
Completion
- Preparation
- General information
- Strategic Case
- Economic Case
- Commercial Case
- Financial Case
- Management Case
General information
Description of the project
The project is aimed at improving the existing infrastructure of the park area, organizing accessibility requirements for low-mobility population groups, and modernizing elements and structures of the park's recreational and sports sectors
The purpose of the project
Main goal:
Increasing compliance with modern standards
Secondary goal:
Improving the equality of wealth distribution, Ensuring inclusiveness and equal opportunities, Improving the quality of services
Description of the purpose of the project and ways to achieve it
The project involves the reconstruction and improvement of part of the park of culture and recreation on Myru Street in Derazhnya, Khmelnytskyi region. The main activities include: arranging paving slabs with a total area of 4,171.67 m², arranging green areas with an area of 4,606.0 m², installing curbs with a length of 362.0 m, laying drainage pipes with a length of 110.0 m, and arranging paths with a width of 10–3.6 m.
Problems and solutions resulting from project implementation
Lack of quality infrastructure for leisure and recreation of the population, insufficient number of landscaped areas in the central part of the city, high level of wear and tear of existing landscaping elements. This leads to a decrease in the quality of life of the population and insufficient tourist potential of the city. The implementation of the project will contribute to the creation of comfortable public space, increasing the level of social integration of the population, developing a culture of recreation, forming a healthy lifestyle and making the city more attractive to investors and tourists.
Socio-economic context
Indicator
Value
Number of people who will use the service
3000 human
Number of users from low-mobility population groups
200 human
Strategic Case
Strategic feasibility of the project
Sector
Municipal infrastructure and services
Subsector
Development and Reconstruction of Subnational Infrastructure
Stream
Development and rehabilitation of municipal infrastructure of subnational governments
Strategic document
Стратегія розвитку територіальної громади
Task
2 2.2.2 Improvement of park recreation areas and recreation areas near water bodies; 2.2.3. Creation of appropriate conditions in cultural institutions and regular holding of cultural events
Project objectives
Indicator
Base value
Target value
Park landscaping and landscaping area
13514 m2
13514 m2
Project Sustainable Development Goals
Demand for the service and its dynamics
What methodology was used to estimate demand?
Зростаюча потреба у якісних громадських просторах підтверджується соціологічними дослідженнями та демографічними прогнозами.
[Response was provided in the Preliminary Investment Feasibility Study]
Has data from external sources been used in the demand assessment?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Does the demand forecast take into account the latest demographic and economic forecasts?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Indicator
Year
Demand
Annual demand for services/infrastructure
1
10000 human
Economic justification
Analysis of the project's impact on ecology and climate change
Does the planned activity have a potential positive contribution to achieving climate or environmental objectives?
Pollution prevention and control
[Response was provided in the Preliminary Investment Feasibility Study]
Sustainable use and protection of water and marine resources
[Response was provided in the Preliminary Investment Feasibility Study]
Protecting and restoring biodiversity and ecosystems
[Response was provided in the Preliminary Investment Feasibility Study]
Climate change mitigation
[Response was provided in the Preliminary Investment Feasibility Study]
Is the proposed project expected to significantly harm any of the following climate or environmental objectives?
None of the options are applicable
Project sustainability and inclusivity
Identify potential gender risks of the project and indicate possible ways to overcome them:
None of the options are applicable
Does the project provide for improving women's access to services?
The project will improve women's access to safe water, food, and medical services
[Response was provided in the Preliminary Investment Feasibility Study]
Are civil society organizations representing women and vulnerable groups included in the consultation process?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Alternative technical solutions
Technical Solution 1
Reconstruction of part of the park of culture and recreation (land improvement) on Myru Street in Derazhnya, Khmelnytskyi district, Khmelnytskyi region
Technical Solution 2
Partial restoration of paths and improvement of individual areas of the park of culture and recreation on Myru Street, Derazhnya town, Khmelnytskyi district, Khmelnytskyi region
Total costs6'104'237 UAH3'687'806 UAH
Average annual costs305'212 UAH135'140 UAH
Project duration, incl.15 months4 months
Service life240 months240 months
Target indicatorsDefined Defined
Technical Solution Status
Active
[The technical approach was selected for further detailed analysis or implementation.]
Rejected
[The technical approach was not selected for further detailed analysis or implementation.]
Components of a technical solution
Commercial Justification
Supplier and contractor market assessment
Is the project likely to attract a sufficient number of bidders to ensure real competition that will encourage bidders to think innovatively and maximize the quality of their proposals?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Is the project of interest to small and medium-sized enterprises?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Will the project involve national or international suppliers and contractors?
Yes, both national and international
[Response was provided in the Preliminary Investment Feasibility Study]
Has an analysis of available procurement options been conducted for the technical solution?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Financial justification
Total project budget
Total preliminary budget6'104'237 UAH3'687'806 UAH
Capital costs6'104'237 UAH3'687'806 UAH
Operational costs0 UAH0 UAH
Preliminary cost breakdown
Operating costs for implementation0 UAH0 UAH
For preparation300'000 UAH183'127 UAH
For implementation5'500'000 UAH3'296'288 UAH
For operation280'000 UAH135'140 UAH
For closing24'237 UAH73'251 UAH
Were the methodological recommendations approved by the Ministry of Finance of Ukraine applied when calculating the indicative budget?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Were the methodological recommendations approved by the Ministry of Finance of Ukraine applied when calculating the indicative budget?
Yes
[Response was provided in the Investment Feasibility Study]
Average project cost per service recipient
Service Unitвартість послуги на 1 м2
Service Unit Cost452 UAH
Profitability of the project
Is the project expected to generate income?
ResponseNoNo
Availability of services
Has an analysis been conducted of the accessibility of services for consumers and their financial ability to pay the established tariffs?
No – analysis not performed
[Response was provided in the Preliminary Investment Feasibility Study]
Project Financing Mechanisms
Are funding sources and mechanisms identified?
Source and MechanismYesNo
Funding Sources
Approved Funds0 UAH0 UAH
Expected Funds610'427 UAH0 UAH
Public-private partnership
Has a qualitative and quantitative assessment of the project's suitability for implementation through a PPP mechanism been conducted?
The project does not fall under the PPP format by its nature/character
[Response was provided in the Preliminary Investment Feasibility Study]
Are there, after conducting an appropriate study, private investors interested in the possibility of implementing the project in the PPP format?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Management Rationale
Team competencies
Determine which competencies/expertise required for successful project preparation and implementation can be provided by the project initiator's own project team (without involving external advisors)
Strategic justification - analysis of the strategic feasibility of the project
[Response was provided in the Preliminary Investment Feasibility Study]
Economic justification - economic analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Project management - communication with stakeholders
[Response was provided in the Preliminary Investment Feasibility Study]
Economic justification - social and gender analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Project management - public consultations
[Response was provided in the Preliminary Investment Feasibility Study]
Business case - analysis of available procurement options
[Response was provided in the Preliminary Investment Feasibility Study]
Project management - legal support
[Response was provided in the Preliminary Investment Feasibility Study]
Financial analysis - financial analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Strategic rationale - demand analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Business case - analysis of the market environment
[Response was provided in the Preliminary Investment Feasibility Study]
Does the team have experience implementing similar projects?
Yes, successfully implemented 1 or more similar projects
[Response was provided in the Preliminary Investment Feasibility Study]
Identify which competencies/expertise required for successful project preparation and implementation need to be strengthened by engaging independent experts or consultants
Economic feasibility study - technical expertise
[Response was provided in the Preliminary Investment Feasibility Study]
Economic justification - environmental expertise
[Response was provided in the Preliminary Investment Feasibility Study]
Is there an understanding of where to find relevant experts and consultants?
Partially, we are considering options
[Response was provided in the Preliminary Investment Feasibility Study]
Risk assessment
Financial riskDefinedUndefined
Economic riskDefinedUndefined
Social riskDefinedUndefined
Results of the feasibility analysis
Project Preparation Program Engagement and Funding Needs
Does the project require additional preparation assistance from Project Preparation Facilities (PPF)?
None of the options are applicable
Project Approval History
DateDecision NumberPortfolioProject StatusDecisionReasons
24/09/2025SP-L-240925-09BEF263Community SPInvestment Feasibility StudyInclude-
28/10/2025SPP-L-281025-01D6BDD7Community SPPInvestment Feasibility StudyInclude-