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Home Ports and Shipping

Port Yuzhny plans attracting some $3b of investments in Ukraine

byCustoms Today Report
01/08/2015
in Ports and Shipping, Ukraine
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KIEV: Some $3 bln of investments is to be attracted for implementation of the project on the development of port infrastructure and $300 mln – for the development of railway and motor road infrastructure, press center of the port authorities cites Maxim Shirokov, the head of the port, as saying at the press conference.

The list of the port’s investment projects (19 projects) covers the short-term, medium-term and long-term period.

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In particular, the port plans boosting the capacity of dry bulk and liquid bulk facilities by 120 mln t per year; containers – by 870,000 TEUs; natural gas – by 10 bln cbm.

Implementation of all initiatives will reportedly increase the port’s throughput by 120 mln t per year, generate additional 3,380 jobs and increase annual collection of port charges by $180 mln. There are also dredging projects depending on business requirements.

Port of Yuzhny founded in 1978 is located on the northwest coast of the Black Sea, in the ice Small Adzhalyk (Grigorievsky) estuary, 30 km north-east of Odessa. The Port is accessible from sea through a 3km-long 14-m-deep canal, so pilotage service is required for inbound and outbound vessels. The main port stevedore is a state-owned enterprise Yuzhny Merchant Sea Port. In HI’2015, operators of port Yuzhny handled 24.257 mln t of cargo.

Tags: $3b of investmentsin Ukraineplans attracting somePort Yuzhny

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