The port of Olbia was transferred to a concession to a Qatari company

The Ministry of Infrastructure of Ukraine announced that on Wednesday, December 1, the property of the state enterprise Olvia Stevedoring Company and the corresponding property of the State Enterprise Administration of Seaports of Ukraine were transferred to the QTerminals Olvia concession, which is part of the QTerminals group. partnership for 35 years.

“Today we are attracting guaranteed investments of UAH 3.4 billion to the port of Olbia. Almost half of these funds will be used for the development of the port in the next 3.5 years. Now one of the most promising ports in the country will receive a new modern infrastructure. The agreement provides preservation of workers of places for workers of the enterprise for a period of 6 years, also there is a requirement for the maximum attraction for work in port of Ukrainian citizens, separate point of the agreement is the decision of infrastructural problems of the city of Nikolaev. Thus, public-private partnership here is not only about the development of a particular port, but also the region as a whole, “said Minister of Infrastructure Oleksandr Kubrakov.

According to the concession agreement, QTerminals Olvia invests about UAH 3.4 billion in the development of the port. Besides, not less than 80 million UAH will be invested in infrastructure of Nikolaev.

It is noted that QTerminals Olvia together with IMU, Olvia Insurance Company, the project office for the development of public-private partnership “Together”, AMPU, as well as a group of consultants and advisors ensured compliance with all preconditions of the concession agreement.

As of December 2, 2021, QTerminals Olvia will begin managing the port assets transferred to the concession.

“As an international operator of ports and terminals with highly qualified management, QTerminals intends to use all its experience and knowledge in the field of ports and terminals to ensure that QTerminals Olvia provides its customers with the highest standard of service,” added Neville Bissett, CEO of QTerminals.

(c)INDUSTRIAL PORTAL UKRAINE 2021

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