Business news from Ukraine

INFRASTRUCTURE MINISTRY PROPOSES THAT SWEDISH INVESTORS BUILD BERTHS IN UKRAINIAN SEAPORTSINFRASTRUCTURE MINISTRY PROPOSES THAT SWEDISH INVESTORS BUILD BERTHS IN UKRAINIAN SEAPORTS

22 September , 2015  

KYIV. Sept 22 (Interfax-Ukraine) – Infrastructure Minister of Ukraine Andriy Pyvovarsky has invited Swedish investors to build berths in Ukrainian seaports while speaking at a conference on the country’s privatization program during his working visit to Stockholm, the ministry said in a press release on Monday.

He said that by 2020, Ukraine plans to double grain exports to around 70 million tonnes, while the capacity of Ukrainian ports are restricted with around 36 million tonnes a year.

“Ukrainian ports have large prospects for attracting transit cargo flows. We invite Swedish companies to build berths at seaports, exchange technologies, realize construction investment projects at ports and organize safety on sea transport,” the ministry said.

Pyvovarsky said that Ukraine also plans to privatize state-run stevedoring companies.

“We understand that the port sector would be interesting for large investment when the ownership issue is settled. The government has submitted a draft law to the parliament, which would allow for starting the privatization procedure for state-run stevedoring companies,” he said.

He also raised the issue of railway transport, adding that the adoption of the new law that regulates this sector would open up the railway transportation market to private traction.