IFC, Infrastructure Ministry sign Memorandum of Understanding

IFC, Infrastructure Ministry sign Memorandum of Understanding

The Infrastructure Ministry and the International Finance Corporation (IFC) have signed Memorandum of Understanding. The cooperation is aimed at developing public-private partnership (PPP) in the field of transport and attracting investments in infrastructure, the ministry’s press service reports.

"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noted that these projects are of great importance for Ukraine, which is the leading grain exporter but because of outdated infrastructure, international trade is often expensive and time-consuming.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.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
*/ ?>