Clyde & Co has successfully represented Qatari port operator QTerminals in the largest port concession tender in Ukraine.
The pilot port operating concession was prepared by the Ministry of Infrastructure of Ukraine with the assistance of the European Bank for Reconstruction and Development and the International Finance Corporation. QTerminals was selected as the winner of the tender for the concession of the Black Sea Port of Olvia on 24 January 2020. In addition to regular concession payments, QTerminals anticipates that it will invest up to US$120 million in the modernisation and development of the Port of Olvia. QTerminals will also contribute US$3.4 million to the development of the local infrastructure of the surrounding area.
The closing of the deal remains subject to the approval of the Antimonopoly Committee of Ukraine as well as the successful execution of the concession agreement.
The Clyde & Co team was led by Lee Keane (Picture) and Roshanak Bassiri Gharb.