Ukrainian Ports to Receive Financial Injection

Commercial sea ports of Ukraine in 2012 may draw about 2 billion UAH investments for port infrastructure development projects.

This estimation made the Chairman of the Committee for Regulatory Policy and Oversight of the Independent Association of Ukrainian Banks Arthur Zagorodnikov, UNIAN reports. The expert did not specify the sources of prospective investments.

“In 2012, the ports of Ukraine may draw about 2 billion UAH of investments. First of all we talk about the ports of “big three”; Odessa, Illichevsk and “Yuzhny”, he said.

Zagorodnikov noted that port infrastructure is currently the most attractive area in the industry for foreign investments.

At the same time, according to Zagorodnikov to retain competitiveness with other ports in the Black Sea region our domestic ports need for much scale investments.

“And such funding is only a small part of funds required for the nearest development. Constanta, Novorossiysk and other ports of the Black Sea region is also developing, with a much faster pace”, he said.

[mappress]

Dredging Today Staff, August 21, 2012; Image: port.odessa