Ukrainian ports take course to competitive recovery

17.08.2017

This year Ukrainian Sea Ports Authority plans to allocate UAH 3.9 billion to finance maritime industry projects. In 2017, the budget for capital investments has been increased by 700% compared to the previous year. The lion's share of resources will be directed to dredging - UAH 1.74 billion, which equals 44% of the overall amount of capital investments, reports UkrAgroConsult.

The strategy of USPA for 2017 looks more than ambitious. However, it should be noted that over the first 6 months, the total amount of performed works equaled 0.8 million cubic meters, operational dredging was carried out in four ports and on three access channels. Will USPA succeed to fulfill the plan? Last year the previous management of USPA was able to fulfill the declared dredging volume by only 30%.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

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