Saakashvili accuses state of delaying implementation of investment project at Yuzhny port

14:10, 28.09.2016 1 min read

The largest U.S. investment in Ukraine is under a threat of failure due to negligence of Kyiv officials who refused fulfilling liabilities undertaken under a contract, Head of Odesa Regional Administration Mikheil Saakashvili has claimed.

"This is the largest investment in Ukraine in the past years – a total of around $200 million. It is practically the new life of TIS and Yuzhny port. The investor has fulfilled its liabilities, signed the agreement with the government. The government was to carry out dredging works at the port and they will build the rest of the facilities. Now the government says: maybe we would not carry out dredging works? Who will enter Ukraine after this?" Saakashvili said.

He said that the government must fulfill its obligations to the investor.

"A terminal, new workplaces will be created here and people will work here," he added.

As reported, U.S. Cargill, the Sea Port Authority of Ukraine and M.V. Cargo in August 2015 signed a trilateral memorandum of intent to implement an investment project at the Yuzhny seaport.