Ukraine’s Ministry of Infrastructure has approved a plan for the development of Yuzhny seaport until 2038, which defines the main directions of the company’s development, aims at increasing the port’s competitiveness and foresees attracting about $3 billion of foreign investments.
According to the press service of the Ukrainian Sea Ports Authority, the port board reviewed the plan on March 14, while later its head Raivis Veckagans approved it. And recently the Ministry of Infrastructure of Ukraine has agreed it.
According to the document, the company’s development provides for the implementation of 23 investment projects, whose performers are the Ukrainian Sea Ports Authority, public and private investors.
“The modern concept of Yuzhny seaport is not only the water area with hydraulic structures and cargo handling terminals, but also a powerful transport hub with a developed infrastructure of railways and highways, a complex network of energy, gas, water supply and drainage. Their level and condition directly impact the volume of attracted investments and determine the investment attractiveness of the port. In this regard, quite natural is the desire of investors to create new powerful production facilities in the port and in the areas adjacent to the water area of Yuzhny seaport,” head of the Yuzhny seaport administration Maksym Shyrokov said.
