The Marine Trade Port of Chornomorsk, located in the Odesa region, is set to implement the largest investment project in the history of Ukrainian ports. The Ministry of Community Development, Territories, and Infrastructure is establishing a competition commission to attract investments for the development of port infrastructure.
This is reported by Business • Media
Concession of Key Terminals and Conditions for Investors
The first and container terminals of the port have been proposed for concession. All these assets will remain state-owned, while the investor will gain the right to long-term management and modernization. The state guarantees transparent rules, investment protection, and stable conditions, which should encourage the involvement of major players. In turn, businesses will gain access to one of the largest markets with clear growth prospects.
The project is expected to become the largest investment in the history of Ukrainian ports. Its scale includes hundreds of millions of dollars in investments for the modernization of berths and equipment, over $1.1 billion in revenue to budgets over 40 years, and more than 1,000 jobs.
Growth Potential and International Interest
More than 40 international port operators and investors have already expressed interest in participating in the project, creating high competition and ensuring the best conditions for the state. It is anticipated that within three years, the port’s container throughput will increase to 250,000 containers per year, and in the long term, return to pre-war levels of over 500,000 containers per year.
The announcement of the competition to find an investor will take place after the formation of the competition commission and the preparation of all necessary documents with the participation of the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).