OREANDA-NEWS. September 2, 2010. The Ministry of Transport and Communications of Ukraine plans to attract private investors to implement major development projects worth some USD 470 million at Ilyichevsk and Yuznhy ports, the Ministry statement said. The project realization is reportedly under control of the Minister Constantine Efimenko.

The investments program includes construction of two new terminals at Ilyichevsk for handling containers and Ro-Ro cargoes. The total project cost is roughly about USD 289.9 million and USD 30.3 million, respectively. The expansion of the port’s capacities is expected to boost the port’s throughput by 738,000 TEUs a year.

Yuzhny port expects funds for the dredging project worth about USD 150 million. The project implementation will result in deepening of existing approach channels and harborage, together with the appropriate renovation of berths and turning basins. This will enable the port to accommodate fully loaded oil tankers and dry bulk carriers.

In addition, the Ministry analyzed the volume and characteristics of the Mediterranean and Black Sea cruises of the world's leading companies. This will allow the port of Odessa in the near future to increase the workload of the passenger terminal at the expense of bringing to the port more modern cruise liners.
 
The development of feasibility studies, tender documents and accompanying documents to the projects has being carried out by Corporate Solutions Consulting. The Ukrainian ports investment projects will be presented at the TRACECA forum of investors, to be held in October this year in Brussels.

European Bank for Reconstruction and Development, the World Bank and International Finance Corporation have already announced to allocate loans for investors who would be willing to participate in the Ministry’s projects.