Ukraine: Illichivsk Sea Port Development Project to Cost 38.6 million Euros

State Enterprise “Sea Commercial Port of Illichivsk” has received the loan from the European Bank for Reconstruction and Development towards the cost of Illichivsk Commercial Sea Port Infrastructure Development Project.

The project consists of a reconstruction of three existing berths, procurement of cargo handling equipment and carrying out dredging works to increase the depth of water up to 16m. The objective of the project is to increase operational reliability and efficiency of the port’s services and resolve critical transport bottleneck in the area by supporting development of major container terminal in the Black Sea.

Proposals must be submitted no later than august 20. 2010.

Project cost EURO 38.6 million.

The proposed project will enable the Port to carry out its modernisation programme, including berth reconstruction, procurement of the cargo handling equipment and dredging works in order to increase operational reliability and efficiency of the Port’s services.

The Project also includes Port’s corporate development programme with the aim to transform it into a more commercial entity through introducing business planning, IFRS audit and strengthening the Port’s in-house capacity in strategic development and management of its relationships with the private operators.

[mappress]

Source: ebrd, July 7, 2010;

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