Risoil invests USD 70 mln in Chernomorsk port terminal

Risoil S.A. voiced the modernization plans in the seaport of Chernomorsk including a USD 70 million investment in transshipment terminal.

“This amount will be invested within the framework of the Memorandum of cooperation signed with the USPA. The Administration is engaged in dredging the access channel to 16 meters. For the successful implementation of this project and the development of the port, Risoil has already built new storage tanks and installed the Neuero ship-loading machine. Now, as part of the development of a public-private partnership, it is planned to build a two-sided pier, a second line of the sea gallery and dry cargo tanks with a storage capacity of 150 thou. cubic meters,” Maxim Shirokov, General Director of RISOIL S.A., commented.

At the meeting of the Regional Development Council of Odesa region, he asked the President of Ukraine, Petro Poroshenko, to speed up the adoption of the draft law On Concessions (No. 8125) on second reading, which will simplify and make more transparent the conditions of public-private partnership.

On May 12, 2017, the Ukrainian Sea Ports Authority (USPA) signed a Memorandum of cooperation with the Risoil Terminal company for increasing the volume of cargo traffic in the port of Chernomorsk with a simultaneous upgrading the depth level.

The new infographic guide Agribusiness of Ukraine 2017/18 is available by the link.