Business news from Ukraine

IFC TO HELP STRUCTURING PUBLIC PRIVATE PARTNERSHIP PROJECTS AT OLVIA, KHERSON PORTS

20 November , 2017  

KYIV. Nov 20 (Interfax-Ukraine) – The International Finance Corporation (IFC) from the World Bank Group would help to structure public private partnership projects at two Ukrainian ports, which are state-owned enterprises (SOE): Olvia stevedoring company and Kherson maritime merchandise port.
The Infrastructure Ministry of Ukraine reported on Tuesday that the memorandum of understanding was signed by the ministry with the IFC in Kyiv on Tuesday.
The IFC will also study the possibility of structuring the public private partnership project on the development of a rail and ferry complex at SOE Chornomorsk maritime merchandise port.
The ministry said that the signing of the memo was the first advisory project of the IFC in development of public private partnership.
IFC said that in the past ten years its team of advisors in public private partnership transactions mobilized almost $17 billion of private investment in infrastructure and helped governments to improve basic services in energy, transport, healthcare, water supply and sewage sectors.