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Ukraine And Qatar Proceed With Olvia Seaport Concession

Ukraine and Qatar proceed with Olvia seaport concession

Today, April 5, as part of the official visit of President of Ukraine Volodymyr Zelensky to the State of Qatar in the presence of the Minister of Transport and Communications of Qatar Jasim Al Suleiti and the Minister for Foreign Affairs of Ukraine Dmytro Kuleba, an agreement was signed – April 5, 2021 The signing of the agreement is an important step in the procedure
of transferring the port to the concession, as it confirms the financial capacity of the concessionaire to finance the entire amount of the declared investment, which is almost 140 million dollars. PortSEurope Note: See Qatar’s QTerminals wins concession at Olbia port, Ukraine – January 25, 2021 “We appreciate the cooperation with Qatar and are interested in the further development of our relations. As part of the Olvia seaport concession, the world’s leading operator, Qatar’s QTerminals, which operates Qatar’s largest trading port, Hamad, worth more than $7 billion, has been hired to operate in Ukraine. I welcome today’s conclusion of the agreement on making an additional contribution from the concessionaire for this project. This is one of the main prerequisites for the further transfer of port property to the concession. “Olvia is our second concession project, which is currently being implemented, and we are continuing to prepare further concessions, in particular, in the ports of the Black Sea, Odessa, Berdyansk and Izmail”, said Minister of Infrastructure Vladislav Krykliy. The agreement on transfer in the concession of the specialized seaport Olvia located in Nikolaev, was concluded on August 20, 2020. According to him, the Qatari company QTerminals invests about 3.4 billion hryvnias in the development of the port. In addition, at least UAH 80 million will be invested in local infrastructure. In just 35 years, the concession will attract up to UAH 17.3 billion in investments. The annual concession payment will be at least UAH 80 million. In addition, the concessionaire must ensure a minimum volume of cargo handling of at least 2.55 million tons per year, as well as guarantee the preservation of jobs for the next 6 years and the appropriate level of wages for the team. QTerminals is a Qatari port operator based in Mwani Qatar (51% stake) and Milah (49% stake). The company provides services for the transportation of container and general cargo, RORO transportation, transportation of livestock, as well as supply services for seagoing vessels in the first phase of development of the port of Hamad, which is Qatar’s exit to international trade. Source: Government of Ukraine

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