Business news from Ukraine

YUZHNY PORT ATTRACTIVE FOR INVESTORS – PORT ADMINISTRATION HEAD

21 October , 2016  

KYIV. Oct 21 (Interfax-Ukraine) – Potential investors are ready to work at Yuzhny maritime merchandise port (Odesa region), but there is a problem of managing port land, Head of Yuzhny Port branch of Ukrainian Sea Port Authority Maksym Shyrokov has said.

“Today the administration does not manage port-side land, and this is the main thing, the start of all investment. We do not have synergy with local authorities and understanding who needs land and for what purpose,” he said in an interview with Interfax-Ukraine.

He said that today local authorities make independent decisions and allocate land parcels. The Sea Port Authority is not invited to hear what is planned to do on these parcels.

“This situation is absurd. Port managers do not manage port land and do not decide how to use it,” he said.

Shyrokov said that no land parcel belongs to the port, and private companies own land.

“For example, I could bring a good investor to 3 ha of port land and he is ready to come, asking where he can go to settle the issue. He goes to local authorities and keeps going to the same rooms for six months and finally cannot bear it and leaves. Who is interested in getting investment: me or local authorities to replenish their local budgets? We are interested in implementing development plans, as well as our ministries, but we do not have enough tools for this,” he said.

Yuzhny port was founded in 1978. It is located on the Adzhalyk firth and is the deepest harbor in Ukraine. The length of its berths is around 2.6 kilometers. The port has six handling terminals.

Sea terminals in various forms of ownership operate at the port: Pivdenny oil terminal, Transbunker-Yug LLC’s fuel handling terminal, a terminal of Transinvestservice LLC, a grain handling terminal of Borivage LLC, and a tropic oil handling and processing complex of Delta Wilmar CIS LLC.