You're reading: Xinhua: Ukraine plans major port infrastructure modernization worth $1.68 billion

Xinhua: Ukraine plans major port infrastructure modernization worth $1.68 billion

By Xinhua.

Published May 31, 2018. Updated May 31 at 7:18 pm

The Odesa Portside Plant is the focus of a graft case that involves President Petro Poroshenko's top ally Igor Kononenko and ex-People's Front lawmaker Mykola Martynenko. (Vololdymyr Petrov)

Photo by Volodymyr Petrov

Ukraine on May 31 announced a modernization plan composed of 46 projects in its ports by 2030 with a total cost of over one billion U.S. dollars.

While speaking at the Ukrainian Ports Forum 2018 in the port city of Odessa, Ukraine’s Deputy Prime Minister Volodymyr Kistion said the majority of the projects envisage the development of new transshipment capacities, including the construction of new berths and cargo handling terminals.