The Kherson seaport will be developed into river logistics hub with a modern river fleet.

The founder of Risoil S.A., Shota Khadzhishvili, announced this during the presentation of the winners of the first concession tenders in the Ukrainian port industry in Kyiv on January 31.

"We want to make Kherson a river hub for the entire River Dnipro," Khadzhishvili said.

He added, "We plan to take advantage of all the shipping capabilities on River Dnipro, including acquisition and construction of modern ships."

As reported, the Risoil-Kherson company won the concession tender for the state-owned Kherson commercial seaport.

Risoil-Kherson is a consortium of Petro Oil and Chemicals (Georgian Industrial Group) and Risoil S.A. (Switzerland). The Georgian Industrial Group owns a 60% stake in the consortium and the Swiss company 40%.

According its presentation on January 31, Risoil-Kherson plans to create a regional logistics hub in the port of Kherson, thus creating conditions for export of products manufactured in the Kherson region and nearby regions to international markets. It also plans to create supply chains and develop river freight links, taking account of the economic potential of River Dnipro.

The company intends to modernize the infrastructure of the Kherson commercial seaport by upgrading its storage capacities, purchasing new equipment and cranes, and introducing information technologies. The seaport’s transshipment volumes are expected to double and payments into the state budget are expected to increase threefold.

The company also plans to build a bran processing plant and a soybean processing plant.

According to Ukraine’s Minister of Infrastructure Vladyslav Kryklyi, the concessionaire’s investments will amount to UAH 300 million and the guaranteed annual concession payment will amount to almost UAH 12 million.