Ukraine to Invest $48m in Illichivsk Port Upgrade

8 July 2010 (Last Updated July 8th, 2010 18:30)

Ukraine has received €38.6m ($48m) in financial assistance from the European Bank for Reconstruction and Development to upgrade its Illichivsk seaport. The project includes the reconstruction of three existing berths, procurement of cargo-handling equipment and dredging works that will

Ukraine has received €38.6m ($48m) in financial assistance from the European Bank for Reconstruction and Development to upgrade its Illichivsk seaport.

The project includes the reconstruction of three existing berths, procurement of cargo-handling equipment and dredging works that will deepen the berth by 16m.

Proposals for the project are expected to be submitted by 20 August 2010.