The Ukrainian Ministry for Development of Communities, Territories, and Infrastructure has announced that the Chornomorsk seaport’s terminals are being readied for concession tenders, the CFTS portal reports.

According to the ministry, the Chornomorsk seaport’s terminal No. 1, container terminal, and terminal No. 5 are being readied for concession tenders.

The process began before the full-scale Russian invasion of Ukraine, and the ministry is now resuming it.

The first phase of the preparatory process is the drafting of a feasibility study, and the second phase is the organization of concession tenders.

The Global Infrastructure Fund will finance the feasibility study. The European Bank for Reconstruction and Development and the International Finance Corporation are hiring experts and consultants.

"The future investor’s task is to manage the Chornomorsk seaport’s terminals efficiently and develop them. What will the state get from granting concessions? Ukraine will receive a concession fee and steady tax revenues every year. A private partnership will lead to significant investments and allow optimization of transport logistics and improvement of the quality of the services that are provided," said Ukraine’s Deputy Prime Minister for Reconstruction/Minister of Development of Communities, Territories, and Infrastructure Oleksandr Kubrakov.

Ukraine already has experience in holding concession tenders for port infrastructure. The Ministry of Infrastructure and the Ukrainian Seaport Authority granted concessions on the operation of the state stevedore companies in the Kherson and Olvia seaports to private companies in 2021.

The full-scale Russian invasion has interrupted the operations of these facilities.