German Federal Government supports USPA to complete construction of container terminal in Odessa port
Ukrainian Seaports Authority (USPA) says German Federal Government supports USPA to complete container terminal in Odessa port.
State Secretary of the Federal Ministry of Transport and Digital Infrastructure Mr. Rainer Bomba visits the construction site of «Container Terminal Odessa” (owned by Hamburg Port Consulting) at the Quarantine Mole in Odessa seaport. During the visit, Mr. Bomba discussed construction progress with the Head of Ukrainian Seaports Authority (USPA) Mr. Raivis Veckagans.
Federal Ministry of Transport and Digital Infrastructure is considering the possibility of providing guarantees of the Federal Government on funding these works by KfW bank (German State Bank).
“Despite delays in construction terms the container terminal is a priority project for USPA. After approval of the financial plan we will continue construction works on building the breakwater. We do our best to solve the issue and we appreciate Hamburg Port Consulting investment group as a flagship investor in Odessa port",— Raivis Veckagans said.
«We are serious about investing in the project. As a Federal Government we are ready to assist in attracting KfW loan and carry out technical expertise of the project design. We are pleased by constructive dialogue with the Ukrainian side»- Mr. Bomba said during the meeting.
The estimated capital investment for the completion of the breakwater and dredging of the port waters totals 40 million Euros.
