Business news from Ukraine

TIS GROUP AND SEA PORT AUTHORITY TO COOPERATE IN DEVELOPMENT OF YUZHNY SEAPORT (ODESA REGION)

State-owned enterprise (SOE) Ukrainian Sea Port Authority and the TIS Group have signed a memorandum of understanding, providing for the implementation of infrastructure projects at the Yuzhny seaport (Odesa region), according to a posting on the website of the Infrastructure Ministry. The memorandum envisages the uniting of efforts of the SOE and the private company to develop Yuzhny port’s infrastructure.
The authority seeks to conduct dredging works in the internal canal leading to the water area of berths of the TIS Group (from berth 18th to 22nd), a water approach to the U-turn area and a part of the operation water areas of berths 21st and 22nd to reach the designed depth of 16 meters.
In turn, TIS will conduct dredging works near its berths: 18, 19 and 20 to 19 meters and 21 and 22 – to 16 meters. After these dredging works, TIS plans to do its best to boost cargo handling by 10-15 million tonnes in 10 years.

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