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Ukraine to Resume Work on Granting Concession of the Chornomorsk Seaport

Ukraine to Resume Work on Granting Concession of the Chornomorsk Seaport

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The Ministry of Infrastructure of Ukraine is to resume work leading up to the grant of concession of three terminals of the Chornomorsk seaport, one of the largest seaports in Ukraine. In particular, the concession is to cover the first (cargo) terminal, the container terminal, and the fifth (railway and ferry) terminal.

The feasibility study for the project will be financed by the Global Infrastructure Facility, with experts and advisers from the European Bank for Reconstruction and Development and the International Finance Corporation. Following the feasibility study, the state contemplates holding a tender amongst potential investors to transfer the terminals into a concession.

Prior to the invasion of 2022, Ukraine significantly improved the legislative framework for public-private partnerships, namely, by amending the Law "On Private-Public Partnership" and adopting the new Law "On Concession". The concession of the Chornomorsk seaport is expected to become another landmark public-private sea port project following the successful award of two pilot concession projects in the Kherson and Olvia seaports in 2021, also prepared with the assistance of EBRD and IFC.

By Olexiy Soshenko, Managing Partner, Redcliffe Partners

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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