Kiev Hosts “New Investment Opportunities of Ukrainian Sea Ports”

Investment climate in Ukraine’s port industry can be significantly improved due to wide prospects, which were opened for potential investors in the industry.

This became possible thanks to adoption a number of decisions related to the fundamental reforms in the industry. This opinion was expressed by the participants of the round work table “New investment opportunities of Ukrainian sea ports” – experts and market participants, potential investors, legal and consulting companies, analysts, financiers, etc. The event was held in the American Chamber of Commerce in Ukraine on 12 December 2012.

In particular, they discussed structural reforms of the sector and the introduction of completely new for domestic ports forms of public-private partnership, which has already proved its effectiveness in practice of successful world ports, namely the concession. The Deputy Minister of Infrastructure Dmitry Demidovich told the participants on the state policy in the area of concession process and branch reforms.

“Ukraine is not the only country in the Black Sea region. We do not have time to think, so we need to attract investors”, – said Demidovich. In his point of view, concession is the best way to solve this problem. This is confirmed by the results of analytical work, studies of international experience and advices of leading experts in the world in the industry, in particular, the world-known consulting company «Roland Berger Consulting», which has joined the working group of the Ministry on development of the strategy for the port industry.

Despite today’s legislation, which needs strengthening and changes, according to the participants of the meeting, the Government of Ukraine and the Ministry of Infrastructure take active measures towards reforming the sector and it is an important step in strengthening the competitive position of the country on the world market and the development of the maritime industry of Ukraine.

[mappress]

Press Release, December 17, 2012