The Ministry for Communities and Territories Development of Ukraine, LLC “QTerminals Olvia,” and the Qatari company QTerminals have signed a Memorandum of Cooperation and Understanding. The document outlines plans to revive the concession project at the specialized seaport “Olvia” in the Mykolaiv region.
On August 20, 2020, the Olvia port was transferred to the management of LLC “QTerminals Olvia” (established by the Qatari company QTerminals) for 35 years. This form of collaboration is called a concession and was one of the first such projects in Ukraine. In return, “QTerminals Olvia” is obliged to invest in the development of the port and the city of Mykolaiv, maintain jobs for port employees, and pay the state for the use of the port. The project is currently paused due to Russia’s full-scale invasion.
From October 2025, Ukraine’s Law “On Public-Private Partnership” No. 4510-IX comes into effect. It allows concession agreements to be adjusted due to force majeure circumstances. This enables the parties to temporarily suspend the concession, revise financial terms, and address social issues related to enterprise employees if necessary. Consequently, the state and the concessionaire signed a memorandum confirming their joint intention to resume operations at the Olvia port. The document was signed by Deputy Minister of Communities and Territories Development of Ukraine Andriy Kashuba, Director of LLC “QTerminals Olvia” Ruslan Oleynik, and Acting Chief Executive Officer of QTerminals Charles Mibee.
“Concession agreements are an effective tool for attracting investments and ensuring the restoration and development of Ukraine’s infrastructure. We are considering signing memoranda between ports to establish sister-port statuses, which will open new horizons for cooperation, enable experience exchange, and jointly develop maritime logistics,” emphasized Aliona Shkrum.
Qatar is an international partner of Ukraine, and the revival of this investment project sends a strong signal to the global community about our resilience and readiness for reconstruction even during wartime.
“Attracting foreign investments, especially from a partner like Qatar, is critically important for economic recovery, particularly for the Mykolaiv region, which suffered significant damage from Russian aggression,” stated Andriy Kashuba.
Concession agreements allow for private investments necessary to modernize and expand port infrastructure, which is an integral part of Ukraine’s reconstruction.
