The company will invests in development of port about UAH 3.4 billion, also not less than UAH 80 million will be invested in infrastructure of Mykolaiv.

QTerminals Olvia

Starting from December 2, 2021, QTerminals Olvia started managing the port assets of the state enterprise Olvia Stevedoring Company and the property of the state enterprise Administration of Seaports of Ukraine transferred to concession.

This was reported by the railway magazine Railway Supply, citing information from QTerminals Olvia.

According to the concession agreement, QTerminals Olvia is investing about UAH 3.4 billion in the development of the port.

Besides, at least UAH 80 million will be invested in infrastructure of Mykolaiv.

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“QTerminals Olvia is investing in a new 2 million tonne grain terminal, introducing best-in-class work practices using state-of-the-art equipment, and developing and expanding existing port infrastructure,” said Ruslan Oliynyk.

“As an international port and terminal operator with highly qualified management, QTerminals intends to use all its experience and knowledge in the field of ports and terminals to ensure that QTerminals Olvia provides its customers with a secure service of the highest quality and standard,” added QTerminals Group CEO

“We are attracting guaranteed investments in the amount of UAH 3.4 billion to the port of Olvia. Almost half of these funds will be used for the development of the port in the next 3.5 years. Now one of the most promising ports in the country will receive a new modern infrastructure,” said Infrastructure Minister Oleksandr Kubrakov.

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