Infrastructure Ministry fully supports the privatization of stevedoring operations in Ukraine

The Infrastructure Ministry fully supports the privatization of stevedoring operations in Ukraine, Infrastructure Minister of Ukraine Andrii Pyvovarsky said at a briefing in Odesa, on Tuesday.

He noted that this was not about the privatization of seaports, but of stevedoring state-owned companies.

According to Andrii Pyvovarsky, the privatization of stevedoring operations in Ukraine would allow making our stevedoring operations more competitive, this would allow employees of the companies to get larger salaries and have higher social standards. During the privatization the country would receive billions of dollars of investment, he added.

"Now I speak not only about how much will be paid for a stevedoring company, but I speak about what investment will be made in the development of terminals. This could bring from USD1 billion to USD1.2 billion of investment to Ukraine, if a tender to privatize state-run stevedores is announced.  These are new technologies, new jobs and new taxes," he highlighted.