Ukraine to benefit from port terminal deal
QTerminals (Qatar) has won a concession tender in the Black Sea Port of Olvia (Ukraine), which will result in a considerable investment.
Over the next five years, Ukraine will receive an investment of 140 million USD (127 million EUR) from QTerminals, as well as an yearly fee of 3.3 million USD (2.99 million EUR), making this ‘one of the largest foreign investments in the port industry, in the whole history of Ukrainian independence’, according to Ukrainian Infrastructure Minister Vladislav Kryklii. This multimillion-concession tender offers an ‘opportunity to modernize Ukraine’s Port of Olvia’, the Minister added.
QTerminals, which was established by port management companies Mwani and Milaha Qatar, provides varied services, such as container transport, general cargo, livestock and offshore supply. The company handles operations in Qatar’s largest commercial port, Hamad.
QTerminals handled 1.3 million TEUs in 2019.
