15:18 08.09.2017

First pilot concession projects in Ukraine to be three port projects

1 min read
First pilot concession projects in Ukraine to be three port projects

First pilot projects of public private partnership in the form of concession in Ukraine will be projects in infrastructure, in particular port projects.

An Interfax-Ukraine correspondent has reported that First Deputy Prime Minister and Economic Development and Trade Minister of Ukraine Stepan Kubiv gave the information at the presentation of a new bill on concession in Kyiv on Friday.

He said that the first projects will be concession of state-owned stevedoring company Olvia, Kherson Maritime Merchandise Port and the Chornomorsk railway and ferry complex.

Kubiv said that it will require around $35 billion to modernize the out-of-date Ukrainian infrastructure. These funds can be raised only via public private partnership tools. The best of the tools is concession.

Commenting on the three projects, Deputy Infrastructure Minister Nadia Kaznacheyeva said that the preliminary feasibility study has been drawn up. In September, the work with the feasibility study will start and concession tenders could be held in 2018-2019.

"We hope that the new bill will be tested in the infrastructure sphere and then it will be successfully applied in other sphere," she said.

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