Rada passage of a concessions bill would unlock almost $700 million in private investments for two Black Sea ports – Kherson and Olvia.

Rada passage of a concessions bill would unlock almost $700 million in private investments for two Black Sea ports – Kherson and Olvia. Seven companies – foreign and national — want to participate in tenders for public-private partnerships to develop the ports, says Stepan Kubiv, Minister of Economic Development and Trade. For Olvia, formerly Oktyabrsk, 30 km south of Mykolaiv city, a 35-year concession would involve $618 million in investment and $2.5 billion in revenues to the budget, the ministry calculates. For Kherson, 75 km to the east, a 30-year concession envisages $50 million in investments and $580 million in government revenues.