EBRD to help modernise Ukraine’s Black Sea port of Chornomorsk

EBRD to help modernise Ukraine’s Black Sea port of Chornomorsk

October 20, 2021

The European Bank for Reconstruction and Development (EBRD) is supporting Ukraine in its efforts to modernise Chornomorsk Port on the north-western shore of the Black Sea.

Private sector-led investment and modernisation of the port, one of the largest in the region, could increase Ukraine’s import and export capacity, boosting its trade competitiveness and economic growth.

The EBRD will help the Ukrainian government to prepare a comprehensive contractual framework, set bidding criteria and tender rules, and liaise with potential investors, paving the way for a successful tender.

The Chornomorsk container terminal and railway-ferry complex concession will help to modernise the terminal’s existing assets, improve and optimise its operations and develop additional services for carriers and cargo owners. Improving the port by optimising cargo logistics and providing higher-quality services is expected to boost the attraction of Ukraine to leading international shipping operators.

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