Interfax reported that the Infrastructure Ministry of Ukraine is intending to attract private investors to implement projects on the development of port infrastructure.

According to the ministry's press service, an ad hoc group on organizational and technical preparations for the introduction of transparent mechanisms of using port infrastructure by private investors at a meeting on August 16 represented the investment possibilities of developing port infrastructure, for the realization of which private businesses are to be attracted.

Mr Dmytro Demydovych Deputy Minister of Infrastructure said in the current market conditions it is impossible to develop ports without attracting private capital, as the analysis of existing cargo flows shows that even powerful Ukrainian ports lose competitiveness in comparison with the Black Sea and Baltic ports, which have been implementing their own programs attracting private capital for several decades.

He said that "Without developing the capacity, we not only lose cargos but also downgrade the competitiveness of our port industry as a whole. And any delay of decisions, of course, is not conducive to solving these problems."

In addition, according to the ministry, during the meeting the leaders of all the eighteen state ports described the key advantages of the companies and presented the potential investment opportunities of each port.

Source - Interfax

(www.steelguru.com)


(www.steelguru.com)