The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) are helping the Ministry of Infrastructure of Ukraine and the Ukrainian Sea Ports Authority in structuring and tendering a public-private partnership (PPP) for the modernization of Chornomorsk Port on the north-western shore of the Black Sea.

The EBRD and IFC will work with the Ukrainian government to prepare a comprehensive contractual framework, set bidding criteria and tender rules, and liaise with potential investors for a tender process.

The project involves the development of container terminals and railway-ferry complex with the aim to modernize the terminal’s existing assets, improve and optimize its operations and develop additional services for carriers and cargo owners. The project will increase Ukraine’s import and export capacity, boosting its trade competitiveness and economic growth.