Port Olvia Concessionaire to invest 60M USD and Build New Grain Terminal

14 Сен

In the framework of the concession of public company Stevedoring Company Olvia the investor is anticipated to lay out some 60M $ in the enterprise and erect a new grain terminal with the throughput capacity of 2M tons a year. This was declared by the head of Project Office SPILNO of Ministry of Infrastructure of Ukraine Taras Boichuk at the ‘Infrastructure PPP Projects in Eastern Europe, the Caucasus, and Central Asia’ Conference held nowadays in Kyiv.
“Olvia: the concession is envisaged for 35 years. The requirements towards investments are as follows – about 60M USD to build a new grain complex capable of 2M t turnover annually. There will be two options of concession dues payment: the fixed one depending on the dividends remitted in 2015-2017, and the variable one which we are going to discover already at the tender phase”, said Mr Boichuk.
He also noted that the concessionaire will be encumbered with social liabilities regarding the port’s work force employment.
Let’s remind that the development of feasibility studies for the ports Olvia and Kherson has lately been accomplished. According to Minister Volodymyr Omelian, there are already 20 contenders wishing to obtain these enterprises in concession.
In June it was announced in the course of Ukrainian Ports Forum 2018 that a possibility of granting vacant areas of 25.7 hectares within the port Olvia for concession was considered in order to implement the project Northern Specialised Terminal. Then there were talks about plans to build a grain terminal capable of handling 4M t of product per year, an oil extraction facility capable of 2,000 t of sunflower seeds daily. Moreover, there should emerge vegetable oils handling terminals with the throughput of 270,000 t a year, and those for cakes – for annual 240,000 t. Also there were talks about constructing three new berths and providing dredging works in the port.

source: https://cfts.org.ua/news/2018/09/14/pri_kontsessii_porta_olviya_investor_vlozhit_60_mln_dollarov_i_postroit_novyy_zernovoy_terminal_49435