US$1.7bn for Ukraine ports infrastructure

Port of Odessa A 12-year plan proposes to upgrade Ukraine’s seaports. Credit: Port of Odessa

The Ukrainian government aims to invest UAH44bn (US$1.7bn) into the outdated infrastructure of its ports in a bid to revive the country’s maritime industry.

Deputy Prime Minister Volodymyr Kistion said that the 12-year plan includes 46 projects to upgrade Ukraine’s seaports in collaboration with other investors, reported Kyiv Post. Ukraine’s current port capacity is 132m tonnes and the projects primarily include construction of new stevedoring terminals and berths, as well as the reconstruction of old ones.

According to the Kyiv Post, when speaking about the plan at the Ukrainian Ports Forum in Odesa last month, Mr Kistion said: “This will give an opportunity to create more than 5,000 working places and provide a cargo capacity of 157 million tons of cargo per year.”

Ukraine’s Cabinet of Ministers has recently approved the country’s national transport strategy ‘Drive Ukraine 2030’, covering 2018–2030.

The strategy includes a goal for 30% of the Black Sea region’s cargo turnover to be processed in Ukrainian ports by 2030.

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