QTerminals to invest $140 million in Ukranian port

QTerminals, a joint venture between Mwani Qatar and Milaha, has signed a concession agreement the Ukrainian government under which it will invest $140 million to develop the Olvia port in the Black Sea region.

Olvia Port covers an area of 140 hectares featuring seven berths and a rail network for transporting cargo. Its quayside is 1,530m long. The Port of Olvia handles a variety of cargoes, but mostly focuses on grain and construction materials.

The concession covers a period of 35 years, until 2056, during which QTerminals plans to invest $140 million to develop the port over the next five years, of which $3.5 million has been earmarked for the restoration of local infrastructure in Mykolaiv, the city where the port is located.

Additionally, during the first five years of the concession, QTerminals will build a new grain terminal, improve current warehouse facilities, modernise the road and telecommunications networks, and set up silos and loading equipment for all modes of transportation, such as railway and freight lines.

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