Ukraine and Qatar Revive Concession Project at Olvia Port in Mykolaiv Region
The Ministry of Community and Territorial Development of Ukraine, together with the Qatari company QTerminals and its subsidiary QTerminals Olvia, has signed a Memorandum of Cooperation regarding the relaunch of the concession project at the specialized seaport “Olvia” in the Mykolaiv region. This document confirms the parties’ intentions to restore the port’s operations, which were temporarily suspended due to the full-scale aggression of the Russian Federation.
This is reported by AgroReview
Investments and Strategic Importance of Olvia Port
Olvia Port became the first concession project in the maritime transport sector in Ukraine. On December 1, 2021, its assets were transferred into a 35-year concession to QTerminals Olvia. The volume of investments planned by the company was estimated at 3.4 billion hryvnias. The revival of this project not only allows for attracting additional funds into the infrastructure but also strengthens Ukraine’s position in the international logistics market.
New Legislation and Prospects for Cooperation
The Ministry of Community and Territorial Development reported that starting from October 2025, the Law on Public-Private Partnership will come into effect. It provides the opportunity to change the terms of concession agreements in case of force majeure circumstances, allowing for the temporary suspension of agreements and the revision of financial conditions.
“Concession agreements are an effective tool for attracting investments and ensuring the restoration and development of Ukraine’s infrastructure. We are considering the possibility of signing memorandums between ports to establish sister port statuses, which will open new horizons for cooperation, allow for the exchange of experiences, and jointly develop maritime logistics,” the ministry emphasized.
The revival of the concession project at Olvia Port creates new opportunities for the development of maritime logistics and attracting foreign investments, which is crucial for Ukraine’s economic recovery.