The Ukrainian Seaports Authority (USPA) has reached agreement with the Seaside Terminal company on reconstruction of the Mykolaiv-Freight railway station. Investment in the reconstruction project will total about UAH 120 million, the CFTS portal reports, citing information from the USPA.
According to the USPA, implementation of this project will be coordinated with Ukrainian Railways (Ukrzaliznytsia) to take account of information about readiness to increase freight volumes. Stevedoring companies operating in the port will provide such information.
According to estimates by the USPA, modernization of the Mykolaiv-Freight railway station will allow freight volumes at the Mykolaiv seaport to increase to 20 million tons per year by increasing the capacity of the railway station. The expected economic benefits are about UAH 500 million in additional income, more than UAH 120 million in additional state and local budget revenues, and UAH 65 million in possible investment in infrastructure development annually.
Ukrzaliznytsia recently stated that the Mykolaiv-Freight train station had an estimated throughput capacity of 14 pairs of trains per day. However, the station is currently capable of handling a maximum of 10.5 pairs of incoming trains and the same number of outgoing trains per day.
The Ukrainian Cabinet of Ministers approved the state-owned USPA’s revised financial plan for 2018 on November 21. According to the document, its net profit is projected at UAH 3.3 billion (31.6% lower than its projected profit for 2018) and capital investments at UAH 2.9 billion.
