"IFC will help to structure PPP projects at two Ukrainian ports - State Enterprise Stevedoring Company Olvia and State Enterprise Kherson Commercial Sea Port. IFC will also study the possibility to structure a PPP project for the development of a railway ferry complex at State Enterprise Chornomorsk Commercial Sea Port,” reads the report.
Infrastructure Minister Volodymyr Omelian noted that these projects are of great importance for Ukraine, which is the leading grain exporter but because of outdated infrastructure, international trade is often expensive and time-consuming. It is envisaged that the modernization of the shipping infrastructure, in particular the Black Sea ports, will help increase exports and promote economic development, he added.
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