New Investments of $100M in the port of Chernomorsk.

The Ministry of Infrastructure and the international grain trader Kernel have agreed to launch several projects to develop the infrastructure of the Black Sea port worth more than $100M, announced the Ministry of Infrastructure. The public-private partnership foresees the refurbishment of hydraulic, warehousing, and railway infrastructure, construction of new berths, and expansion of suitable railways. As noted in the department, this will increase the port’s cargo turnover and revenues from port dues. The development of project documentation and investment evaluation is currently underway and is planned to be signed in the second quarter of 2022.