EBRD and IFC to Finance Chornomorsk Port Concession Preparation

28 Фев

Representatives of European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) have agreed to fund the elaboration of Feasibility Study (FS) and tender documentation for the concession project of Chornomorsk Port railway ferry complex.

As reported by Press Office of Ministry of Infrastructure of Ukraine, this was spoken about in the course of meeting by Minister of Infrastructure Vladyslav Kryklii and the EBRD and IFC representatives on Friday 26 February.

The parties have discussed the steps to be taken to successfully implement the public-private partnership (PPP) projects in the sea port of Chornomorsk as well as some prospects of further cooperation.

EBRD and IFC to Finance Chornomorsk Port Concession Preparation

“The ministry highly appreciates the professional support on the part of EBRD and IFC consultants. The approach toward implementation of the priority concession projects on the port of Chornomorsk as suggested by our international partners is going to help us save the public funds and shorten the development of explanatory notes. As for now, we anticipate the both MIU projects’ concession tenders to be announced by the end of this year”, noted Nr Kryklii.

According to him, MIU would continue working jointly with the international partners on the two PPP projects in the port of Chornomorsk. These are the railway ferry complex concession, and that of the port’s container terminal. With this regard MIU prepares to negotiations on the tripartite agreement with the state enterprise (SE) Ukrainian Sea Ports Authority (USPA) and IFC in order to develop the FS and draft tender papers for both projects.

Minister has also thanked acting head of SE USPA Oleksandr Holodnytsky for his efforts toward organisation of the tender on consultancy services for the railway ferry concession project implementation. The tender has been held for the first time by the new procedure i.e. in accordance with the government’s Act №950.

Consultants are now as well busy with the pre-FS of the Chornomorsk port container terminal concession. the interim results are anticipated to come in March 2021, after which MIU is going to make up its mind as of the FS development viability.

The concession projects at SE Chornomorsk sea trade port are included in the governmentally approved List of State Priority Investment Projects till 2023. It is presumed that there will be some $150 of investments drawn as a result of both concessions implementation.

There are five companies to have  enlisted as bidders for the SE Chornomorsk railway ferry complex concession project consultancy services.

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