Business news from Ukraine

CONSTRUCTION OF BREAKWATER PIER AT ODESA SEAPORT TO FINISH BY 2021 – GERMAN OFFICIAL

13 June , 2017  

KYIV. June 13 (Interfax-Ukraine) – The project on construction of a breakwater pier for a container terminal at the Quarantine Mole of the Odesa seaport will be completed by 2021.
According to a report of subsidiary Container Terminal Odesa of Germany’s HHLA International GmbH, Parliamentary State Secretary to the Federal Minister for Economic Affairs and Energy of Germany Rainer Bomba said at the conference entitled “Development of German-Ukrainian Cooperation in Southern Ukraine” last week.
He also said that the German government decided to provide some EUR 50-60 million to Ukraine to implement the project and important political decisions are to be made to finish the project by no later than 2021.
President of International Federation of Consulting Engineers VBI Cornelius Volker said that the German government in the person of Bomba asked the association to help to settle the issue of restoring the breakwater pier at the Quarantine Mole of the Odesa seaport.
“We are seeking to do our best to have the pier completed by 2021,” he said.
Director General of Container Terminal Odesa Anastas Kokkin said that thanks to support of Germany the project that had been frozen for two and a half years has made a new start.
Head of Ukrainian Sea Port Authority Raivis Veckagans also pointed out the important of finishing this project.
“At the end of May we signed supplementary contracts to the investment contract on construction of the pier. The completion of the Quarantine Mole project would boost capacities for handling containers, create new jobs and increase payments to the country’s budget. Ukrainian Sea Port Authority as a state-owned company is ready to join the search for funds to develop the sector and implement not only this but also other projects,” he said.
Container Terminal Odesa is a subsidiary of HHLA International GmbH. It is part of HHLA AG (Hamburg).
Since 2010 the company has been building a new container terminal jointly with Ukrainian Sea Port Authority.
The Quarantine Mole project would expand the handling capacity of the port by 600,000 TEU a year. It is one of the largest infrastructure projects in the Ukrainian marine transport sector. Investment exceeds UAH 5 billion. Construction was started in April 2010. In September 2014 first two container vessels were handled in the test mode. In 2016, around 40% of all container flows were handled by Container Terminal Odesa at new berths of the Quarantine Mole.