Ukraine’s Ministry of Infrastructure has announced competitions for the transfer of the property of the state companies Olvia Stevedoring Company (Mykolaiv) and Kherson Maritime Merchant Port and the relevant property of the Ukrainian Sea Ports Authority. According to an article published in the government newspaper Uriadovy Kurier, the concession for Olvia will be granted for 35 years, while the one for Kherson port will be granted for 30 years.
The main task for the two pilot projects is to bring international practices and technology to Ukrainian ports.
By law, the competition and determination of a winner must be completed in a little over three months.
The concessionaires are expected to provide a total of UAH 17.3 billion in investment for Olvia and UAH 1.4 billion for Kherson port. Investment will be aimed at renovating infrastructure and developing the ports.
Plans for the first three years include the construction of a new grain terminal with a capacity of 2 million tonnes per year at Olvia (UAH 1.56 billion) and high-priority modernization at Kherson port (UAH 216 million).
According to the Ministry of Infrastructure, more than 25 companies from Ukraine, the United States, China, France, Switzerland, the UK, Japan, Turkey, Qatar, and South Korea have expressed interest in the concessions. Nibulon, one of Ukraine’s biggest grain traders, said it might invest in Kherson port.