Despite the worldwide impact of the economic recession on logistics operations caused by the COVID-19 pandemic, the process of Ukrainian seaports concession is ongoing. The Minister of Infrastructure Vladyslav Kryklii has informed about it.

“The concession remains the main way of modernization and further development of Ukrainian seaports. Concession contracts will be signed, preparation is underway,” said Vladyslav Kryklii.

On April 29, 2020, the second meeting of the working group on harmonization of provisions of the concession agreement on the project at the Port of Olvia took place in the online format. The agreement stipulates that a UAH 3.4 billion financing will be invested in the development of the Specialized Sea Port of Olvia.

The Ministry of Infrastructure has sought to have the decision reviewed of the Sixth Court of Appeal of Kyiv to suspend the order approving the results of the concession tender in Kherson port and its winner.

“The court sustained a claim and canceled the measures to secure the claim. However, in order to finally lift all restrictions, negotiate and enter into an agreement, a decision of the Supreme Court of Ukraine is required. For our part, we are making every effort to support and protect our every investor and every concession,” added Vladyslav Kryklii.

The Supreme Court is expected to hear the case in early May.