Prison sales: First facility to be put up for auction

The site was mothballed two years ago.

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A prison located in the town of Kotsiubynske, just 2 kilometers from the capital city of Kyiv, will be the first penitentiary facility in Ukraine to be put up for auction with the starting price set at UAH 220 million, or US$8 million.

The facility has been mothballed for two years, while the state has spent UAH 3 million (US$108,538) annually on its maintenance, TSN.ua reported on February 9.

Read alsoUkraine seeks to get $7.7 bln in investment starting in 2021 – mediaA winner of the bidding will become a new owner of the prison facility with a total area of about 8 hectares.

Sale of penitentiary facilities in Ukraine: Background

On August 6, Ukrainian Justice Minister Denys Malyuska announced the start of the sale of prisons that are not used in Ukraine.

Most likely, the prisons will no longer be used as penitentiary facilities and will be liquidated, he says.

At the same time, the minister noted that the sale of prisons does not mean the release of convicts. "We just have too much surplus property to maintain. So, we start sales just with this property," he said.

According to the minister, mothballed prisons, which are not used but they require financing will be put up for sale first.

At the same time, he projected the construction of new penitentiary facilities.

On December 30, 2020, Malyuska said the ministry planned to offer at least four prison facilities for sale the following year as part of a privatization campaign.

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