The MoU was signed by Hutchison Ports Europe’s managing director Clemence Cheng and the Ukrainian minister of infrastructure Volodymyr Omelyan, who was joined by Ukrainian ambassador to the UK Natalia Galibarenko.
Mr Cheng said: “We are delighted to sign this MoU with the government of Ukraine to develop container terminal facilities at Chornomorsk. We have long seen the potential for growth in container business in Ukraine and look forward to working together with the Ministry of Infrastructure to realise our shared aim of developing world class port facilities to facilitate trade.”
Mr Omelyan added that the government aims to finalise the agreement and close the deal in 2017.