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Chornomorsk Port Terminals Open for Concession in Ukraine’s First PPP Project Amid War

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Liubava Petriv
News Writer
Chornomorsk Port Terminals Open for Concession in Ukraine’s First PPP Project Amid War
A bulk carrier Negmar Cicek is loaded with grain in Black Sea port of Chornomorsk, Odesa region on March 24, 2023 to be sent to Yemen within program “Grain From Ukraine”. (Source: Getty Images)

Ukraine has launched a concession  competition for two terminals at the Chornomorsk commercial seaport, marking the first public-private partnership project in the country’s port sector since the beginning of the full-scale war.

Prime Minister Yulia Svyrydenko announced the initiative on September 3, highlighting strong international interest:

“Already more than 40 leading international port operators and investors have expressed readiness to participate. This could become the largest investment in the history of Ukrainian ports—hundreds of millions of dollars in modernization and over $1.1 billion in revenue for local and state budgets over 40 years.”

The order to create the competition commission was signed on September 2 in Odesa by Vice Prime Minister Oleksii Kuleba.

He added that next steps include preparing documentation with support from the IFC , EBRD , and leading consultants, followed by the announcement of the competition and selection of an investor.

“For the community of Chornomorsk, this project means stability and new opportunities. For the whole country—the restoration of container transport,” Kuleba said.

He noted that within three years, the port’s throughput could reach 250,000 TEU annually, with a potential return to pre-war levels of over half a million TEU.

Ukraine has been preparing to relaunch port concession projects halted by Russia’s invasion in 2022.

Officials believe that implementing the Chornomorsk concession will strengthen Ukraine’s position in global logistics and promote economic integration with Europe.

Svyrydenko emphasized the advantages of the public-private partnership format.

“The state retains ownership, while the investor modernizes and manages the asset. This is a signal to the world that Ukraine is open to investment and guarantees transparent rules for business,” Svyrydenko stated.

Previously, it was reported that Kyivstar, Ukraine’s largest telecoms operator, marked its debut on the US stock market last week by ringing the opening bell at Nasdaq, becoming the first Ukrainian company to be listed on an American exchange.

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A contract transferring state- or community-owned assets, enterprises, or resources to other countries, foreign companies, or private entities for temporary operation.

IFC (International Finance Corporation) – a global development institution part of the World Bank Group that supports private sector investment in developing countries.

EBRD (European Bank for Reconstruction and Development) – an international financial institution that supports projects promoting economic growth, privatization, and development in Europe, Central Asia, and beyond.

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