12:06 20.12.2017

First feasibility studies for concession of infrastructure facilities to be ready in H1 2018

2 min read
First feasibility studies for concession of infrastructure facilities to be ready in H1 2018

First fully-featured feasibility studies for concession of some infrastructure facilities will be ready in the first half of 2018, Ukraine's Infrastructure Minister Volodymyr Omelyan has said.

"Today the problem is that we do not have any document for any state-owned facility. The best things that we have are teasers or presentations, but no feasibility studies. This is not only my words. Recently Borys Lozhkin [former head of the Presidential Administration] pointed this out. The Infrastructure Ministry would have first fully-featured feasibility studies. They will be ready in the first half of next year. These are 10 facilities, including Kherson port and Olvia stevedoring company," he said in an interview with Interfax-Ukraine.

He said that the European Bank for Reconstruction and Development (EBRD) backed these projects. The relevant letter and the project document were signed in London.

"I think that these would be feasibility studies that it would not embarrassing to go to foreign investors, show them and hold considerable negotiations," the minister said.

As reported on November 14, 2017, the International Finance Corporation (IFC) from the World Bank Group would help to structure public private partnership projects at two Ukrainian ports, which are state-owned enterprises (SOE): Olvia stevedoring company and Kherson maritime merchandise port. The memorandum of understanding was signed by the Infrastructure Ministry with the IFC in Kyiv. The IFC will also study the possibility of structuring the public private partnership project on the development of a rail and ferry complex at SOE Chornomorsk maritime merchandise port.

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