EBRD resumes modernization of Chornomorsk port

The European Bank for Reconstruction and Development resumed work on the modernization plan for the port of Chornomorsk.

The bank is resuming work on providing assistance to the Ukrainian government in the modernization of the port of Chornomorsk, which was suspended after the 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 prepare a tender for the concession and establish relations with investors, the EBRD informed.

We will remind you that the port terminals in the port of Chornomorsk are being prepared for transfer to a concession. The first, container and fifth terminals are planned to be transferred.

The first stage is the development of a technical and economic justification, the next stage is the holding of a competition among those wishing to obtain a concession for the terminals of the Chornomorsk port. The preparation of the feasibility study will be financed by the Global Infrastructure Fund. Experts and consultants are engaged by the European Bank for Reconstruction and Development and the International Finance Corporation.

Oleksandr Kubrakov, the Deputy Prime Minister for the Reconstruction of Ukraine, noted that the task of the future investor is to effectively manage the terminals of the Chornomorsk seaport and develop them.