The upgrade is expected to improve the country’s import and export capacity, pushing its trade competitiveness. Credit: minka2507 / Pixabay.

The European Bank for Reconstruction and Development (EBRD), along with the International Finance Corporation (IFC), has extended support to overhaul Ukraine’s Chornomorsk Port on the north-western shore of the Black Sea.

EBRD and IFC will back the Ministry of Infrastructure of Ukraine and the Ukrainian Sea Ports Authority in tendering a public-private partnership (PPP) for the port’s modernisation.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Along with private sector-led investment, this upgrade is expected to improve the country’s import and export capacity and thereby, its trade competitiveness.

The Ukrainian Government will receive support from EBRD and IFC to draft a comprehensive contractual framework, set bidding criteria and tender rules, and interact with potential investors.

Ukrainian Minister of Infrastructure Oleksandr Kubrakov said: “In Ukraine, container transport has great potential for development, as it currently accounts for only 8.5% of the total volume.

“After finding an investor for the Chornomorsk Port and modernising the container terminal, it should be possible to almost double its capacity. This will be a powerful stimulus for the development of the region’s economy and increase the competitiveness of Ukraine as an infrastructure hub.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Chornomorsk container terminal plus the railway-ferry complex concession will aid in the modernisation of the terminal’s current assets.

It will also optimise its operations as well as develop extra services for cargo owners and carriers.

The enhanced cargo logistics and ‘higher-quality’ services at the port are projected to attract global shipping operators.

Last year, EBRD, in collaboration with IFC and the Global Infrastructure Facility, worked with Ukraine’s Ministry of Infrastructure in structuring concessions for two mid-sized Black Sea ports, namely the ports of Kherson and Olvia.

Over the last two years, EBRD has invested nearly $2.33bn (€2bn) in the economy of Ukraine.