According to the Minister of Infrastructure of Ukraine Dmitry Demidovich the country may invest in dredging at the port of Yuzhny UAH 1.1 billion, RBC reports.
"The dredging project investments are valued at UAH 1 billion 116 million. There are other projects as well aimed at the equipment upgrade. For now, I can say we are evaluating these projects, but I think this estimate will be at the first phase at about 500-700 million USD. The investment program is at the stage of project evaluation," RBC quoted the official as saying.
The ministry plans deepening of the Yuzhny port’s approach channel, the water area of Piers No 5-6, and of the turning circle to 21 meters, as well as the construction of two new piers with depths of 21 m.
State-run Yuzhny Merchant Sea Port founded in 1978 is located on the northwest coast of the Black Sea, in the ice-free Small Adzhalyksk (Grygoryivsky) estuary, 30 km northeast of Odessa. The Port is connected to the sea by a 3-km-long, 14-m-deep channel.