Ukraine plans to lease out the Black Sea port of Chornomorsk
Ukraine has unveiled a 40-year concession plan for its Black Sea port of Chornomorsk. The details of this project were presented by Ukrainian government officials at an investment forum in Warsaw, Poland last month
The port of Chornomorsk (imrp)
Chornomorsk - Ukraine has unveiled a 40-year concession plan for its Black Sea port of Chornomorsk. The details of this project were presented by Ukrainian government officials at an investment forum in Warsaw, Poland last month.
The Ministry of Development delegation said that the lease initiative is aimed at modernizing and expanding terminal infrastructure in Chornomorsk port. The concession will cover two terminals - a container terminal and a multipurpose terminal - with a potential of handling up to 760,000 TEU and over five million tons of cargo annually.
The concession auction will be held in the second quarter of 2025, and a contract with the winner is expected to be signed in the fourth quarter of this year. The lease project has been prepared with the help of the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD). Tender documents are ready outlining the terms of participation, risk structure and guarantees of state support.
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