The Government of Ukraine is preparing a PPP to expand Chornomorsk Port.
Under the plans, the Chornomorsk Port, which is already one of the largest ports in the Black Sea region, could see its capacity almost doubled, providing a “powerful stimulus” for the country, Oleksandr Kubrakov, the minister for infrastructure said.
Ukraine has become a hotspot for PPPs over the last few years, having delivered a number of large scale projects including the Olvia and Kherson port expansions.
“The benefits of thorough project preparation and a well-run PPP tender are significant. We look forward to bringing the Chornomorsk Port to the market with the involvement of further private sector investment,” said Mark Magaletsky, the European Bank for Reconstruction and Development’s (EBRD) deputy head of Ukraine.
The EBRD and International Finance Corporation are assisting the Ministry of Infrastructure and the Ukrainian Sea Ports Authority on the deal’s structure and tendering.