Ukraine: Odessa Port

The Government of Ukraine has awarded HPC Ukraina a contract to expand the capacity of the Container Terminal Odessa (CTO), located at the state-owned Odessa Sea Commercial Port (OSCP), the largest seaport in Ukraine and one of the largest on the Black Sea. The total container capacity of all Ukrainian ports is 2,250,000 TEUs; the CTO extension will add another 700,000 TEUs, significantly raising the international transport capacity of the coun - try. The project will help to reduce the cost of transportation by servicing larger vessels that have lower unit costs, therefore benefitting shippers, shipping lines, and consumers. It will also strengthen the country’s port sector by increasing competition in the market and encouraging other terminal operators to improve efficiency and service standards. IFC is supporting Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), a leading European port company, with a financing package for HPC Ukraina.

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