Korea’s POSCO International plans three major investment projects in Ukraine
26 August 15:51
Korean corporation POSCO International is considering the possibility of implementing several large-scale projects in Ukraine. This was announced by the Ministry of Economy after a meeting with representatives of the company, "Komersant Ukrainian" reports.
The main projects are
CHPP in Odessa on wastes
The company plans to build a combined heat and power plant in Odessa, which will run on RDF-fuel – energy produced from waste recycling. Consultations with the city authorities on environmental issues have already been held, and the project has been tentatively included in the list of priorities for the state.
“The project in Odessa is very important for our ministry because it combines an investment component and an environmental component. The initiative is aimed at environmental protection and introduction of modern technologies to reduce emissions. In the future, this practice can be extended to other regions of Ukraine. The Recovery Agency is submitting this project to the Unified Project Portfolio of the state, its expert evaluation and further approval by the Strategic Investment Council is expected”
Minister of Economy of Ukraine Oleksiy Sobolev
– noted Minister of Economy Oleksiy Sobolev.
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Railroad depot with Ukrzaliznytsya
POSCO is considering a joint project with “Ukrzaliznytsya” to build a railroad depot. Two variants of realization are considered: through public procurement or public-private partnership with the involvement of Ukrainian manufacturers.
Grain terminal in Mykolayiv region
The third direction is to reopen the grain terminal in Mykolaiv region and develop infrastructure for grain and vegetable storage, including storage and cold storage facilities.
Financing
Projects can be financed through the Economic Development and Cooperation Fund (EDCF) and Korea’s export-import bank KEXIM Bank, which provide opportunities for Korean companies to participate in Ukraine’s reconstruction.
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