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Regarding the extension of the Investment Program in the field of municipal waste management

Notification
regarding the extension of the Investment Program in the field of municipal waste management (processing) of LLC "MS Social Project" for 2022–2025, approved by the decision of the Executive Committee of Zhytomyr City Council dated 19.01.2022 No. 28, for the period 2026–2028.

The Investment Program in the field of municipal waste management (processing) of LLC "MS Social Project" for 2022–2025, approved by the decision of the Executive Committee of Zhytomyr City Council dated 19.01.2022 No. 28 "On approval of the investment program of LLC `MS Social Project` and setting tariffs for municipal waste management (processing) services", defined the sources of funds received by the business entity for 2022–2025 to be directed to financing the investment program activities, namely, repayment of borrowed funds obtained for the construction and equipment of the waste processing plant.

The Program defined the planned implementation period for 2022–2025 and provided for tariff planning for waste processing, with the tariff structure including respective funding sources for the implementation of the investment program (in particular, depreciation charges, financial costs, etc.).

Due to force majeure circumstances – the armed aggression of the russian federation against Ukraine and overcoming its consequences in the community, the commissioning of the waste processing plant was postponed. According to the Certificate of Readiness for Operation (registration number in the Unified State Electronic System in Construction: АС01:9924-0654-8008-2592), the waste processing plant was commissioned on May 9, 2023. After completing equipment test runs, LLC "MS Social Project" started providing waste processing services and applying tariffs approved by the Executive Committee of Zhytomyr City Council dated 19.01.2022 No. 28 only from April 1, 2024.

Thus, the revenues from providing municipal waste management (processing) services under tariffs that include the investment component under the 2022–2025 program were actually received by the Company starting from 01.04.2024 instead of 01.03.2022 as originally planned.

In view of the above, considering the need to complete the project already started, changes in its financing schedule and implementation, the Company needs to extend the Investment Program for the next planned period – 2026–2028, as well as amend the planned program activities in terms of clarifying implementation deadlines, funding amounts, and sources, and changing the service name from municipal waste management (processing) service to municipal waste management service (mixed waste recovery operation) according to current legislation.

The draft Investment Program of LLC "MS Social Project" in the field of municipal waste management (mixed waste recovery operation) for 2022–2028 can be viewed at:
at the address: 20 Skladskiy Passage, Zhytomyr;
on the official website of LLC "MS Social Project": https://recycle-ua.one/uk/

The start date for public proposals — July 14, 2025.
The period for submitting proposals from interested parties shall be no less than 14 calendar days and no more than 20 calendar days from the date of publication of the draft amendments to the Investment Program.

The deadline for submitting public proposals to the draft amendments to the Investment Program of LLC "MS Social Project" for 2022–2025 is July 28, 2025 inclusive. Proposals and comments submitted after the specified deadline will not be considered.

Comments and proposals to the draft amendments to the Investment Program of LLC "MS Social Project" for 2022–2025 should be submitted to:
20 Skladskiy Passage, Zhytomyr, 10001
Responsible person: Economist Victoria Petrivna Osadchuk
phone +380968002454
They can also be sent by email to: [email protected]

The decision to extend the investment program for 2026–2028 and approve the amendments will be made by the Executive Committee of Zhytomyr City Council.

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