The winner of the concession tender, Riso-Kherson, is investing about UAH 300 million in the development of the port. In addition, more than 18 million will be invested in local infrastructure.

Riso-Kherson LLC is a consortium consisting of Petro Oil and Chemicals LLC, which is part of the Georgian industrial Group and the Ukrainian port operator JSC RISOIL S.A. (Switzerland).

We will remind, the Kherson seaport was transferred in concession in January, 2020. On February 3, the Sixth Administrative Court of Appeal suspended the order of the Ministry of Infrastructure approving the results of the concession tender and approving the winner of the concession tender in the port of Kherson. The initiator of the lawsuit was LLC "Special Company" Seaport of Kherson ". The ministry managed to overturn this decision.

In addition, the document on the transfer to the concession and the port of Olbia is ready for signing. It is planned to be signed in the presence of the official delegation of the State of Qatar, whose company QTerminals won the competition.

The concession project envisages investing UAH 3.4 billion in the development of the port of Olbia, and the concession is granted for 35 years. Concession conditions provide for deduction by the company of annual concession payments in the amount of UAH 82 million and fulfillment of investment obligations of UAH 3.4 billion (for 5 years), and investments in the development of local infrastructure of Mykolayiv region in the amount of UAH 80 million.

For reference: Qatar-based QTerminals is the world's leading operator, operating Qatar's largest trading port, Hamad, with a value of more than $ 7 billion.