The Ministry of Infrastructure and the international grain trader Kernel discussed the development of the infrastructure of the Chornomorsk Sea Port and agreed to launch a number of projects with a total value of over $100 million. This was reported by the press service of the MIU on the official website.
It should be noted that, first of all, the reconstruction of existing and construction of new berths, as well as the expansion of approach railway lines were discussed. This should increase the port’s cargo turnover and revenue from port dues.
“Today we have come to a preliminary agreement on the implementation of a public-private partnership in upgrading the hydrotechnical, warehouse and railway infrastructure of the port. Both the investor and the state have a common goal — to create modern port facilities under the guarantee of an increase in cargo turnover. Currently, the development of project documentation and investment evaluation are beginning. And already in the second quarter of this year we plan to start signing mutual obligations of the state and a private investor,” commented Oleksandr Kubrakov, Minister of Infrastructure of Ukraine.
It should be noted that Kernel, a leading exporter of agricultural products and one of the largest private port operators, today provides almost 40% of the cargo traffic of the State Chornomorsk Sea Port. Interestingly, over the 10 years of operation, the company has increased exports by 2.5 times. And of course, both the company and USPA are interested in the reconstruction of existing and construction of new berths, as well as the expansion of approach railway lines.
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