Today, April 5, as part of the official visit of President of Ukraine Volodymyr Zelenskyy to the State of Qatar in the presence of the Minister of Transport and Communications of Qatar Jasim Al Sulaiti and the Minister for Foreign Affairs of Ukraine Dmytro Kuleba, an agreement was signed to make an additional contribution from QTerminals under the project of concession of the specialized sea port Olvia.

The signing of this agreement is an important step in the procedure of transferring the port to the concession, as it confirms the financial capacity of the concessionaire to finance the entire amount of the declared investment, which is almost USD 140 million.

“We highly appreciate the cooperation with the State of Qatar and we are interested in the further development of our relations. Qatar company QTerminals has been attracted to operate in Ukraine as part of the Olvia seaport concession. QTerminals is the world's leading operator, which operates the largest trading port in Qatar Hamad, which is worth over $ 7 billion. I welcome today's conclusion of the agreement on making an additional contribution from the concessionaire for this project. This is one of the main prerequisites for the further transfer of port property to the concession. Olvia is our second concession project, which is currently being implemented, and we continue our work on the preparation of subsequent concessions in the ports of Chornomorsk, Odesa, Berdiansk and Izmail,” Minister of Infrastructure of Ukraine Vladyslav Kryklii said.

It should be noted, the agreement on concession of the specialized sea port Olvia located in Mykolaiv, was concluded on August 20, 2020. According to that, the Qatar company QTerminals invests about UAH 3.4 billion in the development of the port. In addition, at least UAH 80 million will be invested in local infrastructure. In just 35 years, the concession will attract up to UAH 17.3 billion in investments. The annual concession payment will be at least UAH 80 million. Furthermore, the concessionaire must ensure a minimum volume of cargo handling of at least 2.55 million tons per year, as well as guarantee the preservation of jobs for the next 6 years and the appropriate level of wages for the team.

For reference:

QTerminals is a terminal operating company jointly established by Mwani Qatar (51% shareholding) and Milaha (49% shareholding) to provide container, general cargo, RORO, livestock and offshore supply services in Phase 1 of Hamad Port, Qatar’s gateway to world trade.

QTerminals is responsible for enabling Qatar’s imports and exports, its maritime trade flows and stimulating economic growth locally and regionally. 

Operative information – on our telegram channel https://t.me/vladyslavkryklii.