Germany to Assist USPA in Construction of New Odessa Terminal

Earlier this week, a delegation from Germany visited the construction site of the future ‘Container Terminal Odessa’, which is owned by Hamburg Port Consulting.

State Secretary of the Federal Ministry of Transport and Digital Infrastructure Mr. Rainer Bomba visited the construction site at the Quarantine Mole in Odessa seaport.

During the visit, Mr. Bomba discussed construction progress with the Head of Ukrainian Seaports Authority (USPA) Mr. Raivis Veckagans.

According to USPA, the Federal Ministry is considering the possibility of providing guarantees of the Federal Government on funding these works by KfW bank (German State Bank).

Despite delays in construction terms the container terminal is a priority project for USPA. After approval of the financial plan we will continue construction works on building the breakwater. We do our best to solve the issue and we appreciate Hamburg Port Consulting investment group as a flagship investor in Odessa port,Raivis Veckagans said.

We are serious about investing in the project. As a Federal Government we are ready to assist in attracting KfW loan and carry out technical expertise of the project design. We are pleased by constructive dialogue with the Ukrainian side,” Mr. Bomba said during the meeting.

The estimated capital investment for the completion of the breakwater and dredging of the port waters totals €40 million.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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