The Ministry of Development and QTerminals discussed steps to renew the concession at the port of Olvia

The Ministry of Development and Trade of Ukraine reported that QTerminals is interested in developing the concession project in the port of Olvia.

The press service of the ministry reported this.

The meeting was attended by First Deputy Minister Alena Shkrum, Deputy Ministers Andriy Kashuba, Yevhen Dubogryz, as well as representatives of the concessionaire – QTerminals Olvia. In particular, during the meeting, they met with the new CEO of the group, Marco Nilsson.

Deputy Minister Andriy Kashuba emphasized that the preservation of the investment project in the port of Olvia and further cooperation with the concessionaire are extremely important for the maritime industry of Ukraine and the economy as a whole, and are also a signal to investors that Ukraine is working to restore current and launch new investment projects.

“We are grateful that even despite the unprecedented challenges caused by the full-scale armed aggression of the Russian Federation against Ukraine, QTerminals maintains its presence and interest in the development of the project. We are ready for a constructive dialogue and have created this working group to step by step develop amendments to the agreement that would take into account changing circumstances,” said Andriy Kashuba.

The participants also considered the proposals provided by the concessionaire, discussed possible ways to take them into account, and delegated representatives from the Working Group to prepare a draft of amendments to the concession agreement. The developed proposals are planned to be presented at the next meeting.

As previously reported by USM, the Ministry of Development and the EPA presented the Chornomorsk port concession project to investors.