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Ukraine Ports Target EU TEN-T Integration

Ukraine ports target EU TEN-T integration

Ukraine Ports Target EU TEN-T IntegrationSource: Ukrainian Sea Ports Authority

Odessa, Ukraine (PortSEurope) February 14, 2019 – The priority development of the ports of Ukraine is the integration into the enlarged Trans-European Reference Transport Network (TEN-T), bringing the port dues and deductions to a competitive level and implementation of PPP projects, according to Ukrainian Sea Ports Authority (USPA) head Raivis Veckagans.

Such priorities were identified on Tuesday, January 12, 2019 in Izmail at an expanded meeting on the development of the maritime complex of Ukraine in the presence of the President of Ukraine Petro Poroshenko.

“The port industry of Ukraine ranks second in terms of cargo turnover among the six countries of the Azov-Black Sea basin. However, shipping is a very highly competitive market. USPA now implements 15 major investment projects in ports to expand the capacity of public and private stevedores in cargo handling. A balanced and economically sound state policy on port dues and dividend allocations will increase the opportunities for investing in modernization of fixed assets for state-owned enterprises”, added Veckagans.

In addition to domestic sources of financing for development of the port sector, private Ukrainian and foreign investment should be considered as part of the implementation of Public-Private-Partnership (PPP) projects, including those based on concessions. Pilot concession projects of at the ports of Olbia and Kherson are scheduled to be announced in the spring of this year. The potential investment volume for them is about $60 million.

In addition, according to the Minister of Infrastructure of Ukraine, Vladimir Omelian, including eight Ukrainian ports, including those of Izmail and Reni, into an enhanved trans-European backbone transport network (TEN-T) opens new opportunities to participate in joint EU projects with potential The volume of investments is €4.5 billion ($5.07 million).

Source: USPA

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