The government of Ukraine has transferred the operation of the Olvia port on the Black Sea near the city of Nikolayev to a Qatari company, Prime Minister of the country Alexei Goncharuk wrote in the Telegram channel, according to 112.ua.
“The concession tender in the Olvia port ended. The winner is Qatari seaport operator QTerminals,” Goncharuk wrote.
QTerminals, a joint venture between state-owned Qatar Ports Management (Mwani Qatar) and shipping and logistics group Qatar Navigation (Milaha), is due to invest 3.4 billion hryvnias ($133 million) in the next five years.
It will also pay an 80 million hryvnia ($3.27 million) concession fee annually, Honcharuk said, giving no more details.
Established in 1992 in the Mykolayiv region, Olvia can accept vessels with a deadweight of up to 80,000 tons. Last year the terminal processed 3 million tons of cargo, according to a local specialized news agency.