$100 Million Investment in the Black Sea Port

by Olha Povaliaieva
Friday, February 18, 2022
$100 Million Investment in the Black Sea Port

Ukrainian grain trader "Kernel" and the Ministry of infrastructure jointly invest in the modernization of the "Chornomorsk" port in the Odesa region

"Today we have come to a preliminary agreement on the implementation of a public-private partnership in upgrading the hydrotechnical, investing-in-ukraine/service-for-investors/warehouses/" rel="dofollow">warehouse, and railway infrastructure of the port," minister of infrastructure Olexandr Kubrakov.

What facilities will be funded:

  • Sea berths: modernization of old ones and construction of new ones;
  • Reconstruction of the access railway.

According to the Ministry, the above measures will help increase port dues and cargo turnover.

Today, all participants in the work on the port are developing project documentation. The signing of agreements between the Ministry of infrastructure and the private investor Kernel is planned for the spring of 2022.

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