skip to Main Content
Ukrainian Sea Ports Authority Saves UAH 63.44 Million In 2019

Ukrainian sea ports authority saves UAH 63.44 million in 2019

Source: Ukrainian Sea Ports Authority
Odessa, Ukraine (PortSEurope) February 14, 2020 – The Ukrainian Sea Ports Authority (USPA) has reported that it reduced expenses over UAH 277.7 million (€10.45 million) in purchases in 2019 compared to budget, a saving tat could help the port become more competitive. In 2018, savings amounted to UAH 63.44 million (€2.39 million). Overall in 2019, Ukraine signed 1,020 contracts for a total amount of over $2.25 billion (€2.08 billion). State-owned USPA is
responsible for the development of marine transport infrastructure of Ukraine and to improve the competitiveness of state sea ports through administrative reform and creation of conditions and mechanisms for attracting investment. Its goals include: the provision of proper functioning of seaports; to manage and ensure the safety of navigation; and to maintain efficient use and development of state property assigned to USPA by the government for the benefit of the country. Currently, this includes reviewing concessions for sea ports and attracting overseas investments from international port operators to make its ports more competitiveness. This is a key development for Ukraine as the country seeks to develop its ports as transport hubs for cargo moving between Europe and Asia. China’s new Silk Road economic policy has led to rapid growth in shipping traffic between Europe and Asia, which has been facilitated by both the Chinese acquisition of port infrastructure around southern Europe, and national port authorities (both public and privately owned) seeking investment to increase container capacity and develop rail links with central and northern Europe, the target market for Chinese-manufactured goods. Ukraine would like to see its Black Sea port of Odessa and Azov Sea ports of Berdyansk and Mariupol play a key role in handling cargo heading to Europe via the Georgian ports of Poti, Batumi and maybe Anaklia, in turn all seeking a greater role in handling Asian cargo transported to Europe by rail transport corridors across central Asia. The Russian occupation of the Crimea presents its own challenges and a PortSEurope detailed article can be read here on these issues. The latest PortSEurope news on transport in Ukraine can be accessed here. Copyright (C) PortSEurope. All Rights Reserved. 2020.

To continue reading please subscribe or log in.

PortSEurope offers an English-language daily coverage from over 200 ports in the Mediterranean, Black and Caspian Seas as well as a fully indexed and easily searchable database with more than 15,000 articles.

Subscribe now
Back To Top