The European Bank for Reconstruction and Development resumed work aimed at Chornomorsk Sea Port modernization plan.
The bank is resuming work upon providing assistance to the Ukrainian government aimed at Chornomorsk Sea Port modernization which was suspended after full-scale invasion of the russian federation into Ukraine.
In addition, the EBRD and the International Finance Corporation (IFC) will provide experts and consultants to help Ukraine in drafting a tender for concession and fixing relations with investors, as reported by the EBRD.
We remind that the Chornomorsk Sea Port terminals being prepared for transfer into concession, namely terminals No. 1, No. 5 and container terminal.
The first stage is to develop feasibility study, the next stage is to hold the tender among those wishing to obtain a concession for the Chornomorsk Sea Port terminals. The process of drafting feasibility study will be financed by the Global Infrastructure Fund. Both the European Bank for Reconstruction and Development and the International Finance Corporation engage experts and consultants.
Oleksandr Kubrakov, the Deputy Prime Minister for Reconstruction of Ukraine, noted that the future investor’s task is to effectively manage the Chornomorsk Sea Port terminals and to develop them.