Economy
Posted: 4 years ago

GIG to Manage Seaport Infrastructure in Ukraine

Ukraine’s Kherson seaport has been transmitted to Georgia-Swiss company for a 30-year management. This is the first case when a Georgian company enters the management of a strategic asset.

The Government of Ukraine has introduced the tender winner company LLC RISOIL-KHERSON owned by Petrol Oil and Chemicals, an affiliated company of LLC Georgian Industrial Group (GIG) and Swiss company Rissoil S.A.
 
The presentation was attended by Infrastructure and Economy Ministers of Ukraine and Qatar. David Bezhuashvili, founder of Georgian Industrial Group has also attended the event.
 
The Infrastructure Minister of Ukraine talked about new economic reforms, legislative amendments and attractive investment policy.
 
We have held a transparent competition, giving preference to the reputation of the winner investor and best investment proposals and business experience, he noted.
As reported, RISOIL – KHERSON has won the Kherson seaport tender. The Georgian-Swiss company will manage the Seaport for 30 years.
 
The winner company introduced the Kherson seaport long-term development strategy, and the seaport re-equipment schemes. The investor will put 15 million USD in the seaport development.