Major investment for Ukraine ports

Ukraine's Ministry of Transport & Communications has said it is seeking private sector investment to the tune of $470m at the ports of Illichivsk and Yuzhny.

Two new terminals are planned at Illichivsk. These will cover container and ro-ro handling, both of which will need to be financed by private investment to around $289.9m for the box terminal, and $30.3m for the ro-ro side. Implementation should boost throughput to 738,000 teu at the port.

At Yuzhny, a $150m dredging project is planned, which would deepen the approach channels and harbour anchorage to allow larger dry bulk carriers and oil tankers to call.

There are also plans to dredge the approach and harbour areas in the port of Yuzhny. The project will expand the existing channels and upgrade the berths and turning basin: this will allow the port to accept fully loaded oil tankers and dry cargo bulk carriers. The total cost will be around $150m.
(Source:www.portstrategy.com)