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Ukrainian government transfers Olvia port to Qatar’s company

Source : 112 Ukraine

QTerminals will invest 138,6 million dollars in it
16:36, 24 January 2020

Open source

The concession competition has ended in Ukraine, as a result of which the Olvia port in Mykolaiv will be transferred to Qatar’s QTerminals. Prime Minister Oleksiy Honcharuk reported this on his Telegram channel.

According to him, the leading port operator of Qatar is investing 138,6 million dollars in the Ukrainian state-owned enterprise. The head of government also noted that, as a result, the Ukrainian budget will receive 3,3 million dollars of annual payments and 3,2 million dollars for the development of the local infrastructure of the Mykolaiv region.

Ukraine's PM reminded that this was the best way to attract investment in the port, while the company would remain fully state-owned.

Related: Privatization in Ukraine: A locomotive of sustainable development or a dead end?

"I am sure that the experienced investor will modernize the infrastructure of the port, attract new cargoes and routes, as well as contribute to the enrichment and development of Mykolaiv and Ukraine," he emphasized.

As we reported earlier, Ukraine’s Cabinet of Ministers will sign a partnership agreement with Deutsche Bahn in February this year. Prime Minister Oleksiy Honcharuk wrote about it on his Facebook page.

"Now our team is in talks with the German side about further cooperation in operational activities, provision of advisory services on the part of the German railway," Honcharuk said.

Related: Ukraine's PM instructs State Property Fund to privatize more than 300 objects in 2020

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