Business news from Ukraine

Business news from Ukraine

SEA PORT AUTHORITY SEEKS TO START DEVELOPING UAH 600 MLN PROJECTS IN MYKOLAIV SEAPORT

28 February , 2018  

The state-owned enterprise (SOE) Ukrainian Sea Port Authority plans to send UAH 611 million to implement investment projects in the Mykolaiv seaport, which is four times more than it was spent in 2017.
The press service of the authority said that these projects will be implemented in 2018-2019.
“Increasing the volume of capital investments in the port of Mykolaiv in 2018 is an ambitious goal of the Ukrainian Sea Port Authority, which opens up broad prospects for development. These funds are state investment in the development of the port infrastructure, which together with the funds of private investors will significantly increase the competitiveness of not only the port of Mykolaiv, but also Mykolaiv region, to meet the needs of port operators, taking into account the growing cargo flows and today’s situation with the port business,” Head of the Ukrainian Sea Port Authority Raivis Veckagans said.
A significant part of the capital investments (UAH 350 million) is envisaged for the projects on the construction of the main capacities of the port: the construction of berth No. 8, destroyed during the Second World War, current repairs and overhaul of other berths, in particular, to carry out design works for the modernization and reconstruction of berth No. 0 and No. 7 and reconstruction of the mole in the Ochakiv checkpoint.
Investments in the amount of UAH 211 million will be spent on operational dredging in the approach channel of the port of Mykolaiv, in the water area and on the approach channel of the Dnipro-Buhsky port.
To optimize the movement of heavy vehicles to and from the enterprises of the Mykolaiv sea complex and its dispatching, to prevent traffic congestion on the streets of the city, parking of heavy trucks in unidentified places, road safety it is also planned to implement a project for the construction of a storage parking for heavy vehicles with an area of 35 hectares and create a logistics center in 2018-2019.
In addition, taking into account the strategic importance of the port of Mykolaiv for the state, the system of its guarding will be strengthened. It is planned to earmark funds for the introduction of video surveillance and access control to port security facilities.
The Mykolaiv port in 2017 increased the volume of transshipment of cargo in comparison with 2016 by 5% and was the third among the largest ports of Ukraine with the volume of cargo handling – 23.5 million tonnes.