Ukraine. EBRD to finance development of concession project of Olvia and Kherson Marine Trade Port

06.12.2017

Ukrainian Sea Ports Authority and the European Bank for Reconstruction and Development signed an agreement on financing of feasibility study development for concession projects for two state-owned enterprises, Stevedoring Company Olvia and Kherson Marine Trade Port.

The EBRD undertakes to cover costs of technical assistance in organization of these projects, and will also participate in preparation of transparent competition conditions to attract private investors, reports UkrAgroConsult.

As a reminder, the reform of Ukraine’s port industry started in 2013. However, an attraction of extra budgetary investments in state stevedoring companies will become a pilot project. According to expert estimates, private investors entering these projects will help increase cargo traffic by at least 5.5 MMT and raise funds in the amount of USD 140 million.

Earlier, in summer 2017, the Ministry of Infrastructure of Ukraine approved a plan for preparation and implementation of a number of pilot projects for transfer to state property concession of the SE "Stevedore Company Olvia", SE “Kherson Marine Trade Port”, railway ferry complex of SE "Marine Trade Port of Chernomorsk" and property of SE "USPA".

 

UkrAgroConsult

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