Kinstellar’s Kyiv office, in coordination with lead counsel Clyde & Co, has successfully represented Qatari port operator QTerminals in its successful tender for the port concession project involving the Black Sea Port of Olvia.
The pilot port operating concession was prepared by Ukraine's Ministry of Infrastructure with the assistance of the EBRD and the IFC and made available through what Kinstellar describes as "a transparent and competitive tender process."
Under the terms of its bid, in addition to regular concession payments, QTerminals anticipates that it will invest up to USD 120 million in the modernization and development of the Port of Olvia. QTerminals will also contribute USD 3.4 million to the development of local infrastructure in the surrounding area. According to Kinstellar, "this makes the project the largest concession ever implemented in Ukraine."
The Kinstellar team advising QTerminals on Ukrainian aspects of the project was led by Counsel Oleg Matiusha and included Counsel Mykyta Nota, Senior Associates Oleh Andreikiv, Danylo Volkovetskyi, and Viktoriia Dobrynska, Associates Daryna Ushchapivska, Julia Palaida, and Yulia Eismont, and Junior Associates Oleksandr Plachynta and Valeriia Lepska.