On August 13, Kyiv hosted a ceremony of signing a Memorandum of intent of a leading steel enterprise ArcelorMittal Kriviy Rih to participate in operation and infrastructure development of the Oktyabrsk Specialized Sea Port in Mykolayiv.
By signing the document ArcelorMittal Kriviy Rih confirms its intention to create a stevedoring company on the basis of several berths of the Oktyabrsk Specialized Sea Port under lease.
“For the past couple of months it is the second global company to officially declare its readiness to invest in Ukrainian ports. State port infrastructure in Ukraine is developed but it wasn’t being restored for a long period of time. The level of exhaustion often exceeds 80% and the state doesn’t have enough money for restoration. That’s why it is important to draw investments first of all from the cargo owning companies, which will help to ensure necessary modernization of the objects of state infrastructure and its efficient usage. For ports that will mean stable capacity utilizations, highly-paid working places and for the state – more port duties and taxes to the budget”, stressed the infrastructure minister Andrii Pyvovarsky.
Paramjit Kahlon, CEO of ArcelorMittal Kriviy Rih, said: “Export logistics of AMKR are directly connected to Mykolayiv region, from where the company ships nearly 65% of its cargos abroad. The appearance of inception point in Oktyabrsk port will allow us to redistribute cargo flow and also to bring transit steel product cargo from other CIS countries. In such a way we will ensure timeliness and safety of shipping of our products on export directions”. (https://en.portnews.ru/news/204849/Ukrainian metal)