JSC Ukrzaliznytsia and the project company of the Qatari port operator QTerminals W.L.L. – LLC QTerminals have agreed to cooperate within the framework of the concession of the specialized seaport Olvia (Mykolaiv), the website of the Ministry of Infrastructure of Ukraine reported on Friday.
Cooperation of the parties will be aimed at the implementation of unimpeded and regular rail transportation on the territory of Mykolaiv and their further development.
As reported earlier, representatives of Ukraine and Qatar discussed the implementation of the Olvia port concession agreement by the Qatari company QTerminals.
Ukroboronservis and Qatari’s QTerminals will also cooperate under the Olvia seaport concession.
The contract for the concession of the specialized sea port Olvia (Mykolaiv) was signed by the Ministry of Infrastructure and QTerminals W.L.L. August 20, 2020.
The concessionaire of the port of Olvia, the Qterminals company, plans to create an export grain hub on its basis.
The company plans in 2020 to invest $9.2 million in planning and designing new terminals, obtaining the necessary documents, and beginning infrastructural modernization. In 2021, the company plans to invest $31.3 million, including in new cranes, storage infrastructure and berthing facilities. In general, the Qatari company intends to invest $142 million in this project by 2024.