Ukraine will transfer control of the Chornomorsk port terminals.

Preparations for the transfer of the first and fifth container terminals are underway, the Ministry of Infrastructure reported. The first stage involves the development of the technical and economic specifics. Then the government plans to hold a competition among those willing to receive the terminals.

As explained by the Minister of Infrastructure Oleksandr Kubrakov, the future investor’s task is to manage the seaport terminals and develop them effectively.

The state, in its turn, will receive an investment contribution and stable tax revenue for the budget every year. The private partnership will lead to significant investments and will allow for the optimization of transportation logistics and improvement of the quality-of-service provision, he added.