Business news from Ukraine

SEA PORT AUTHORITY TO INVEST UAH 3.5 BLN INTO PORT INFRASTRUCTURE IN 2017

17 March , 2017  

KYIV. March 17 (Interfax-Ukraine) – The Ukrainian Sea Port Authority in 2017 will invest UAH 3.5 billion in modernization and development of port infrastructure, Authority Head Raivis Veckagans said at the presentation of top priority plans of the authority for 2017 in Kyiv on Thursday.

He said that UAH 1.738 billion will be sent to seaport dredging projects.

The project on reconstruction of the approach channel to deep-water berths of Yuzhny maritime merchandise port will be continued. Dredging works total 3.45 million cubic meters, the duration of the project is 29 months and a half. The total cost is UAH 1 billion and the projected depth is 21 meters.

It is also planned to start new projects, in particular, reconstruction of approaches, maneuver zones and operation water areas of the Yuzhny port. Dredging works are 4.4 million cubic meters, the duration of the project is 13 months, the projected depth is 16-19 meters and the total cost is UAH 1.436 billion.

Another project is reconstruction of the operation water area of the first bay of Dry estuary of the Chornomorsk maritime merchandise port with dredging works of 2.5 million cubic meters, the projected depth of 16 meters, the total cost of UAH 720 million and duration – nine months.

The approach channel of Chornomorsk seaport will be reconstructed: 500,000 cubic meters of dredging works, UAH 115.3 million of total cost and 16 meters of the projected depth.

Investment in infrastructure include six projects: construction of berth 1-c of Odesa maritime merchandise port with the total cost of UAH 422.4 million, reconstruction of the hydraulic engineering block of berths 3 and 4 of Mariupol seaport (UAH 333.2 million), reconstruction of the hydraulic engineering block of berth 1 of Chronomorsk seaport (UAH 88.2 million), reconstruction of the hydraulic engineering block of berth 2 of Chornomorsk seaport (UAH 700.4 million), reconstruction of berth 7 of Odesa seaport (UAH 1.066 billion) and construction of an alternative approach road to the Odesa seaport (UAH 250 million).

In general, the authority will invest UAH 930 million in infrastructure in 2017.