DOCSLIB.ORG

Changing Fortunes

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Changing Fortunes COVER STORY DLA PIPER UKRAINE Changing Fortunes The public discussion around the critical need to invest in Ukraine’s infrastructure was especially vibrant last year. According to various estimates, its modernization requires the spending of at least USD 30 billion by 2030. Moreover, delivering these projects on time is critical if Ukraine wants to fulfill its logistics potential. The Government’s ambitious plans are justified as infrastructure investment causes a “multiplier effect” throughout the national economy. We asked Oleksandr Kurdydyk, partner, head of finance, projects and restructuring, and Kateryna Soroka, of counsel, DLA Piper Ukraine, how the sector attracts investors and what their requirements towards comfortable regulation are. UJBL The Ukrainian Government has pared with the involvement of interna- ects based on the lease of state property. announced a plan to modernize the trans- tional consultants. The new draft law was Although the lease mechanism is simple port infrastructure by allocating funds prepared to replace outdated and scarce and well-tested in practice, it has a num- from the state budget and attracting in- laws on concessions. The new law will ber of drawbacks. In particular, a lease vestments. What has been done to pursue introduce appropriate allocation of risks agreement would not provide for a cor- this strategy? between public and private partners, sim- relation between rent payments and the Oleksandr Kurdydyk: Taking into consid- plify the tender procedure, provide the investor’s results of commercial activities. eration the European vector chosen by right for financing institutions to change Therefore, for existing investors not satis- Ukraine, the Ukrainian Government de- the project company (step-in right) and fied with their lease agreements, the new clares its intentions to implement the suc- envisage the possibility of direct agree- Draft Law envisages the procedure of turn- cess story of European countries in the ments. The new law will also fill in gaps in ing the lease into concession. Unfortu- field of public-private partnership (PPP). legislation in respect of land plot alloca- nately, that transformation is not going to In order to implement those ambitious tion issues and unify the rules for all types be automatic and would require the coop- plans the Government established the of concession project (such as roads con- eration of various authorities, which may Project Office on PPP, working closely with cession or concession in the area of public potentially block the process at any stage. international investors and lobbying the services). relevant legislative improvements. UJBL You’ve mentioned the instru- Although it is too early to talk of big UJBL In the absence of special legisla- ments which are new for the Ukrainian success stories for the Ministry of Infra- tion, what existing legal mechanisms are market. How can they work in practice? structure of Ukraine related to PPP proj- being used by investors in their current O. K.: The results of implementation of the ects, some steps have already been taken projects in Ukraine? new draft law will be tested in the field. in the right direction. Kateryna Soroka: Since the adoption The Government is currently developing The most important recent develop- of the new law on concessions is still in three pilot projects in Ukrainian ports. ment in Ukrainian legislation is the new progress, suggestions are being put to In particular, the concession mechanism draft law On Concessions, which was pre- investors that they start investment proj- is planned for introduction in the Steve- Matters. of this text was published in the March issue CEE Legal Part 26 June 2018 | The Ukrainian Journal of Business Law | www.ujbl.info DLA PIPER UKRAINE DLA Piper Ukraine Year of establishment: 2005 Number of lawyers/partners: 40+/7 CORE PRACTICE AREAS Antitrust and Competition Corporate and M&A Employment & Benefits Finance, Projects and Restructuring Litigation & Regulatory Real Estate Tax www.ujbl.info | The Ukrainian Journal of Business Law | June 2018 27 COVER STORY DLA PIPER UKRAINE introduced by Parliament or the Govern- ment. Complex institutional transfor- mation and changes could mitigate the negative impact of Ukrainian bureaucracy. In the sphere of infrastructure some work has been already done in this regard. For example, 2018 began with establish- ment of the Maritime Administration under the Cabinet of Ministers of Ukraine (CMU). This new agency is expected to perform the function of head office in the maritime field and to coordinate the work of Ukrai- nian sea ports, ensure the safety of mari- time navigation and perform international cooperation. Prior to that, the Ukrainian Sea Port Authority was set up in order to manage strategic infrastructural objects and facilities in sea ports. UJBL What are the main risks that in- vestors face in practice? How could inves- tors’ rights be secured? O. K.: According to our practice, except for bureaucratic obstacles, the main risks for investors are associated with gaps in legislation or vague wording in legal pro- visions and inconsistent or sometimes corrupt court practice. The legislative gaps and unclear provisions lead in practice to diversified interpretation of the same pro- vision of law by different state authorities or even by the same authority. The above risk can be mitigated by significant legisla- tive work or by consistent and stable court practice. While legislative work is time- consuming, the infection of the court sys- tem with corruption and unqualified staff The most important recent does not resolve the problem either, but rather creates an additional one. development in Ukrainian As of now Ukraine has done significant work to change the situation in legislation legislation is the new draft law and to build a court system that can be On Concessions, which was trusted. There is still a great deal of work to be done, but positive changes can al- prepared with the involvement of ready be noticed in the work of the newly- elected Supreme Court of Ukraine. international consultants In order to secure their risks, major investors are currently signing memoran- dums of understanding with the Ukrainian doring Company Olvia (Dnipro-Bug estu- and implementation of the above projects Government or using similar instruments ary), Commercial Sea Port of Kherson and is supported by the International Finance existing in English law. Although the en- the Ferry Terminal in the Commercial Sea Corporation and European Bank for Re- forcement of such documents is question- Port of Chornomorsk. The Ukrainian Gov- construction and Development. able in Ukrainian reality, they definitely set ernment anticipates they could attract out certain obligations of the state party UJBL USD 300 million as investments in the Almost every reform in our coun- and provide some comfort for investors. port infrastructure through modernization try faces the challenge of overcoming red UJBL of existing facilities, as well as through tape. Do you anticipate bureaucratic con- Building infrastructure is a long- development of new assets (e.g. there is straints in attracting investment to the term project that requires significant fi- a plan to build a grain terminal and oil- port infrastructure? nancing. Do you think international lend- extraction factory on the territory of Ste- K. S.: The bureaucracy in Ukraine is the ers will be keen to lend money on favor- vedoring Company Olvia). The preparation major obstacle for all positive changes able terms for this purpose? 28 June 2018 | The Ukrainian Journal of Business Law | www.ujbl.info DLA PIPER UKRAINE COVER STORY O. K.: From year to year Ukraine becomes more and more attractive for different types of international lenders. However, the receipt of significant international funding on favorable terms requires ad- ditional security and guarantees not only from the borrower, but also from the state party. One of the mechanisms, which can create a supportive environment for in- ternational lenders is a direct agreement executed by the state party and lenders. Although Ukrainian legislation does not prohibit the conclusion of a direct agreement, state authorities would not like to and, in most cases, refuse to sign that agreement and undertake additional obligations, even if it includes mostly in- formational covenants. The new draft law on concessions in- troduces the mechanism of direct agree- ment in the sphere of concession, which, among other things, may envisage the right of lenders to change the project company. We believe that if such instru- ment is supported by legislators and in- troduced in Ukrainian practice, it will be a great step forward, which would enable a project financed by international lenders to be raised to a whole new level. UJBL The Ukrainian Ministry of Infra- structure has stated that the cost of logis- tics in Ukraine is around 40% higher than in Europe, as the railroad is cheap, but ports are expensive. Do you foresee the appearance of any incentives in the near future? K. S.: Government officials announce plans to build the new “Silk Road”, which starts One of the mechanisms, which can in Ukrainian ports and goes through Geor- create a supportive environment gian ports, Baku and Kazakhstan to China. With those plans comes the understand- for international lenders is a direct ing that port duties in Ukrainian ports should be competitive. Therefore, starting agreement executed by the state from 1 January 2018 the CMU reduced port party and lenders duties by 20%. However, even after such a reduction the amount of all types of port duties to be paid is very high compared to other ports in the Black Sea region. It was recently mentioned in public 11 global Hyperloop routes which would Nonetheless, the Ukrainian Govern- sources that investment in roads would pass through the territory of Ukraine. ment is not going to stop at the men- reach USD 2-5 billion in coming years.
Load more

Recommended publications
  • For Classification and Construction of Ships (Rccs)
    RULES FOR CLASSIFICATION AND CONSTRUCTION OF SHIPS (RCCS) Part 0 CLASSIFICATION 4 RCCS. Part 0 “Classification” 1 GENERAL PROVISIONS 1.1 The present Part of the Rules for the materials for the ships except for small craft Classification and Construction of Inland and used for non-for-profit purposes. The re- Combined (River-Sea) Navigation Ships (here quirements of the present Rules are applicable and in all other Parts — Rules) defines the to passenger ships, tankers, pushboats, tug- basic terms and definitions applicable for all boats, ice breakers and industrial ships of Parts of the Rules, general procedure of ship‘s overall length less than 20 m. class adjudication and composing of class The requirements of the present Rules are formula, as well as contains information on not applicable to small craft, pleasure ships, the documents issued by Russian River Regis- sports sailing ships, military and border- ter (hereinafter — River Register) and on the security ships, ships with nuclear power units, areas and seasons of operation of the ships floating drill rigs and other floating facilities. with the River Register class. However, the River Register develops and 1.2 When performing its classification and issues corresponding regulations and other survey activities the River Register is governed standards being part of the Rules for particu- by the requirements of applicable interna- lar types of ships (small craft used for com- tional agreements of Russian Federation, mercial purposes, pleasure and sports sailing Regulations on Classification and Survey of ships, ekranoplans etc.) and other floating Ships, as well as the Rules specified in Clause facilities (pontoon bridges etc.).
    [Show full text]
  • Prognostication and Planning of Economic Development: Microeconomic and Macroeconomic Levels
    ALEKSANDRAS STULGINSKIS UNIVERSITY BUSINESS AND RURAL DEVELOPMENT MANAGEMENT INSTITUTE PROGNOSTICATION AND PLANNING OF ECONOMIC DEVELOPMENT: MICROECONOMIC AND MACROECONOMIC LEVELS Volume 1 Multi-authored monograph edited by J. Žukovskis, K. Shaposhnykov Kaunas, Lithuania 2019 UDC 340.34+338.2 P93 Recommended for publication by the Academic Council of Aleksandras Stulginskis University Recommended for publication by the Academic Council of SSI “Institute for the Education Content Modernization” of the Ministry of Education and Science of Ukraine (Minutes No. 10 on 18.12.2019) Reviewers: Paweł Dziekański – Doctor of Economic Sciences, Jan Kochanowski University in Kielce, Poland. Natia Gogolauri – Professor, Dr. of Economics, Head of Quality Assurance, New Higher Education Institute (NEWUNI), Georgia. Editorial Board of the multi-authored monograph: Jan Žukovskis – Associate Professor, Dr. of Economics, Head of Business and Rural Development Management Institute, Aleksandras Stulginskis University, Kaunas, Lithuania. Andrzej Pawlik – Dr. hab., Professor Head of the Institute for Entrepreneurship and Innovation, State University of Jan Kochanowski, Poland. Olga Chwiej – Associate Professor, Dr. of Economics, freelancer scientist, Poland. Kostiantyn Shaposhnykov – Professor, Dr. of Economics, Head of Black Sea Research Institute of Economy and Innovation, Ukraine. Vilma Atkociuniene – Professor, Dr. of Economics, Business and Rural Development Management Institute, Aleksandras Stulginskis University, Kaunas, Lithuania. Martina Diesener –
    [Show full text]
  • Hellenic Chamber of Shipping
    Hellenic Chamber of Shipping MARITIME LAW REGULATIONS IN UKRAINE EVGENIY SUKACHEV Board Member Ukrainian Maritime Bar Association 24/10/2019 SHIPPING CAPITAL OF UKRAINE ODESSA IS THE THIRD-LARGEST CITY IN UKRAINE SHIPPING CAPITAL OF UKRAINE 8 INTERNATIONAL TRANSPORT CORRIDORS TOTAL CAPACITY - 313, 3 MILLION TONS CARGOES 2/28 KEY FACTS ABOUT ODESSA REGION ODESSA REGION - 2ND LARGEST PORT POTENTIAL AMONG THE BLACK AND AZOV SEAS 7 FROM 13 TRADE PORTS - IN ODESSA REGION 11 RIVER PORTS TO HANDLE UP TO 100 MT OF CARGO ANNUALLY IN 2018 UKRAINE REGISTERED THE HIGHEST GROWTH IN THE CONTAINER TURNOVER VOLUMES AMONG THE BLACK AND AZOV SEAS 3/28 TOTAL CAPACITY - 313, 3 MT CARGOES Sea Port of Chornomorsk 17% Sea Trade Port Yuzhny 37.8% Nikolaev sea port 23.2% Port of Odessa 22% 4/28 CARGO STATISTICS & TRENDS IN 2019 Transit 6.9% EXPORT: 55.464 MT Import IMPORT: 10.961 MT 15.4% TRANSIT: 4.941 MT Export 77.7% 5/28 CARGO STATISTICS & TRENDS IN 2019 COAL OIL OIL: 3.167 MT 4.3% 6.6% CHEMICAL PETROLEUM: 538.78 THOUSAND TONS 3% CHEMICAL CARGO: 1.422 MT GRAIN LOADS: 24.5 MT ORE CARGO: 16.491 MT ORE COAL: 2.076 MT 34.2% GRAIN 50.8% 6/28 PORTS OF UKRAINE SEA - 13 RIVER - 11 7/28 OPERATORS IN UKRAINE PORTS 8/28 STATE AND PRIVATE STEVEDORES 103 PRIVATE PORT OPERATORS 13 STATE PORT OPERATORS 9/28 UKRAINIAN INLAND WATERWAYS 3 NAVIGABLE RIVERS, TWO OF WHICH ARE IN TOP-5 LARGEST RIVERS OF EUROPE 16 RIVER PORTS AND TERMINALS 60 MT OF CAPACITY PER YEAR THE LAW “ON INLAND WATERWAYS OF UKRAINE” MUST BE ADOPTED NO LATER THAN NOVEMBER 1 OF THIS YEAR 10/28 MARITIME AUTHORITY MINISTRY OF INFRASTRUCTURE OF UKRAINE UKRAINIAN SEA PORTS AUTHORITY (USPA) STATE SERVICE FOR MARITIME AND RIVER TRANSPORT 11/28 PSC THE MARITIME ADMINISTRATION IS AN EXECUTIVE BODY WHOSE ACTIVITIES ARE DIRECTED AND COORDINATED BY THE GOVERNMENT THROUGH THE MINISTER OF INFRASTRUCTURE.
    [Show full text]
  • PRELIMINARY TRADE CORRIDOR ASSESSMENT Moldova Structural Reform
    GRAIN AND OIL TERMINALS AT GIURGIULESTI INTERNATIONAL FREE PORT PHOTO BY KRISTEN HARTPENCE FOR USAID PRELIMINARY TRADE CORRIDOR ASSESSMENT Moldova Structural Reform DISCLAIMER This report is made possible by the generous support of the American people through the United States Agency for International Development (USAID). The contents are the responsibility of Nathan Associates Inc. and its subcontractors and do not necessarily reflect the views of USAID or the United States Government. TABLE OF CONTENTS EXECUTIVE SUMMARY 1 1. INTRODUCTION TO TRADE CORRIDORS AND TRADE CORRIDOR ASSESSMENTS 1 INTRODUCTION TO TRADE CORRIDORS 1 ASSESSING TRADE CORRIDOR PERFORMANCE 0 PURPOSE OF THIS REPORT 2 2. CONTEXT OF MOLDOVA’S TRADE CORRIDORS 4 MOLDOVA’S TRADE COMPOSITION 4 OVERVIEW OF MOLDOVA’S TRADE CORRIDORS 8 MOLDOVA’S TRADE CORRIDOR INFRASTRUCTURE, SERVICES AND REGULATIONS 13 3. PRELIMINARY ASSESSMENT OF MOLDOVA’S TRADE CORRIDORS 29 OVERVIEW OF PERFORMANCE 29 KEY CHALLENGES AND POTENTIAL OPPORTUNITIES 33 4. FULL TCA METHODOLOGY 36 APPROACH 36 METHODOLOGY 39 FIGURES Figure 1. Typical Logistics Chain ............................................................................................................................. 1 Figure 2. Map of Moldova’s Trade Corridors ...................................................................................................... 2 Figure 3. Moldova’s Import Values by Region, USD, 2010-2016 .................................................................... 5 Figure 4. Structure of Moldova’s Imports, 2016 ................................................................................................
    [Show full text]
  • TRANSPORT MARKET in UKRAINE FLANDERS INVESTMENT & TRADE MARKET SURVEY Transport Market in Ukraine
    TRANSPORT MARKET IN UKRAINE FLANDERS INVESTMENT & TRADE MARKET SURVEY Transport Market in Ukraine December 2016 Tatjana Korotitch, Economic and commercial attaché Trade Offices of Embassy of Belgium 6a, Leontovicha Street, office 27 01030 Kiev - Ukraine [email protected] Transport market in Ukraine | December 2016 1 Contents 1 Sector overview .............................................................................................................................. 3 2. Road transport ............................................................................................................................... 9 3. Railway transport ......................................................................................................................... 12 4. Air transport ................................................................................................................................. 13 5. Sea transport and inner water transport ................................................................................... 15 6. Transport Strategy of Ukraine until 2020. Opportunities and doing business ....................... 19 7. List of references .......................................................................................................................... 22 Transport market in Ukraine | December 2016 2 1 Sector overview Ukraine’s advantageous geographical position makes it an inevitable destination for transit of goods and passengers between Europe, Asia and Middle East. Through the territory of Ukraine goes
    [Show full text]
  • FOR EXAMPLE, SEAPORTS) Yevhenia Boiko1, Olena Ishchenko2, Yuliia Barabanova3
    Baltic Journal of Economic Studies Vol. 5, No. 5, 2019 DOI: https://doi.org/10.30525/2256-0742/2019-5-5-32-38 ORGANIZATIONAL AND MANAGERIAL ASPECTS OF ECONOMIC EFFICIENCY OF ENTERPRISES (FOR EXAMPLE, SEAPORTS) Yevhenia Boiko1, Olena Ishchenko2, Yuliia Barabanova3 Abstract. It is established that maritime infrastructure is an important component of the economy of Ukraine, the effective functioning of which is a necessary factor of the determination of Ukraine as a maritime state, the sustainable development of its transport and road complex. It is proved that the efficiency of ports is of utmost importance for the economy of Ukraine, as more than 60% of the Ukrainian products are exported by sea. A more detailed analysis of the efficiency of the seaports is important not only from the commercial point of view of Ukraine as a whole and one particular seaport, but also from the point of view of economic policy in the port industry. It is proved that there is an urgent need to introduce effective and timely reforms of the maritime economy, based on the identification of a complex of factors influencing the processes of strategic development of seaports of Ukraine and aimed at improving the system of management of state-owned enterprises, taking into account world experience, upswinging state regulation of port business, improving the competitiveness of the port business, upgrading the role of maritime transport in using the potential of international transport corridors. The variants of the efficiency criterion of the seaport have been developed, allowing to evaluate the activity of the port in different conditions and to compare the activity of different ports with each other.
    [Show full text]
  • NEWS BULLETIN 07 – 13 May 2018
    International Association of Marine and Shipping Professionls NEWS BULLETIN 07 – 13 May 2018 CALL US ON +41 22 519 27 35 @ [email protected] WWW.IAMSP.ORG About I.A.M.S.P The International Association of Marine and Shipping Professionals (IAMSP) is the professional body for Marine and Shipping professionals world-wide, formed in 2015. The association is an independent, non-political organization aims to: Contribute to the promotion and protection of maritime activities of the shipping industry, the study of their development opportunities and more generally everything concerning these activities. Promote the development of occupations related to maritime and shipping; serve as a point of contact and effective term for the business relationship with the shipping industry (charter brokers, traders, shipping agents, Marine surveyors, ship inspectors, ship-managers, sailors, and stevedores etc.). Ensuring the representation of its members to the institutions, national and international organizations as well as with governments, communities and professional groups while promoting the exchange of information, skills and the exchange of experience. Develop the partnership relations sponsorship, collaboration between IAMSP and other associations, companies, national and international organizations involved in activities related to Maritimes and shipping. Contribute to the update and improvement of professional knowledge of its members and raise their skill levels to international standards. Progress towards a comprehensive and integrated view
    [Show full text]
  • Black Sea to Baltic: How Far Is It from Being Realised? | Railfreight.Com
    19.2.2021 Black Sea to Baltic: how far is it from being realised? | RailFreight.com MENU Black Sea to Baltic: how far is it from being realised? Published on 18-02-2021 at 06:30 Two months after the initial proposal for an intermodal corridor extending from the Black Sea to the Baltic, the situation looks more concrete than a vague suggestion. The possibilities concerning the corridor’s establishment are favourable since it will provide a reliable alternative to existing solutions. It seems that the Port of Gdansk and Poland are ready to move forward. However, missing rail links through Ukraine and Turkey’s role in the following years are crucial for the project’s completion. These insights were shared during a webinar organised by the Port of Gdansk last week. The webinar dealt with the future intermodal route and hosted attendees from the rail and maritime sector. Additionally, other ports among the participants, apart from Gdansk, discussed the benefits of the potential connection. https://www.railfreight.com/corridors/2021/02/18/black-sea-to-baltic-how-far-is-it-from-being-realised/?utm_source=newsletter&utm_medium=email&u… 1/11 19.2.2021 Black Sea to Baltic: how far is it from being realised? | RailFreight.com Did you miss it? Parts of the webinar are shown today at RailFreight Live. This broadcast starts at 1pm CEST and can be seen here. The discussion around a ‘Black Sea to Baltic’ corridor between Poland and Ukraine began last December .MENU Following a letter of intent between the two countries, the Port of Gdansk and the Ukrainian Sea Ports Authority agreed to compose a joint working group that would make the first identifying steps for the enterprise.
    [Show full text]
  • GATEWAY to EUROPE Cooperation of the Ports on the Western Coast of the Black Sea and the Ports on the River Danube
    GATEWAY TO EUROPE Cooperation of the ports on the western coast of the Black Sea and the ports on the River Danube Otto SCHWETZ Chairman of the Working Group Economies, Tourism and Transport Sofia, March 22nd, 2017 POINT OF DEPARTURE Lower Austria had the Presidency of the Working Community of the Danube Regions 1912-13 The Governor of Lower Austria, Dr. Erwin Pröll, in his function as President of the Working Community, initiated the cooperation of the Danube Regions and Danube Ports with the Regions and Ports of the Western Black Sea. Baden-Württemberg had the Presidency 2014-15 Start of the EU Danube region strategy 2011 Working Group # 4 of the TEN revision of the European Commission: „TEN T to the rest of the world“ Task Force of the Federal Ministry for Economies: Integrated regional program Black Sea Region EU BLACK SEA und KAUKASUS POLITIKS While in the past decades was trade between Europe and North America the most important relationship, which has encouraged the development of the North Sea ports, the trade with the East and South-East Asia now become dominant and will continue to grow. EUROPEAN UNION STRATEGY for the DANUBE REGION (EUSDR) The EUSDR is the chance to develop the space, the Danube cities and the transport infrastructure dynamically EUSDR Priority Area 1 (a+b): Main Challenge is the importance of proper HINTERLAND CONNECTIONS OF SEA PORTS TEN-T POLICY REVIEW EXPERT GROUP 4 METHODOLOGY FOR TEN-T PLANNING Ten-T Extension outside the EU DG MOVE NETWORK DESIGN: 1st STEP: NODES - Functionalities of nodes in transport: - origin and/or destination of transport flows (production / consumption) - connection of links within one mode (incl.
    [Show full text]
  • Current Concession Projects in Sea Port Sector of Ukraine
    MINISTRY OF INFRASTRUCTURE OF UKRAINE Current concession projects in sea port sector of Ukraine October 2017 Kyiv, Ukraine WORK ALREADY PERFORMED 1. The Ministry of Infrastructure has selected pilot concession projects in port sector 2. PPP Project Management Office “SP3ILNO” has been established by the Ministry and supported by Western NIS Enterprise Fund 3. EBRD and World Bank agreed to help the Ministry with the preparation of pre-feasibility studies 4. EBRD, World Bank with an institutional support of the “SP3ILNO” PPP PMO lead selection of the consultants and preparation of the pre-feasibility studies 5. “SP3ILNO” PPP PMO has developed Concept Notes of the projects, which were approved by the Ministry of Infrastructure, Ministry of Economy and Ministry of Finance 2 NEXT STEPS 1. Selecting the consultants for Full Feasibility Study preparation and Transaction advisory in cooperation with EBRD and IFC 2. Supporting the consultants team in preparation of Full Feasibility Study 3. Efficiency Analysis and approvals from the Ministry of Economy and Ministry of Finance 4. Preparation of tender documents 5. Establishing tender committee and launching the tender 3 1 SC “Olvia” concession project 4 1 STEVEDORING COMPANY OLVIA STEVEDORING COMPANY “OLVIA” AT GLANCE 179 7 1.53 10.3 Area (ha) Berths Quay Length Max Depth (m) (km) 5% 15.4 47% Market Share Revenue EBITDA Margin ($mln, 2016) (2016) Cargo turnover million tons 2.4 2.5 2.4 2.2 2.2 1.8 2012 2013 2014 2015 2016 2017E 5 1 STEVEDORING COMPANY OLVIA CURRENT CARGO MIX IN THE PORT Other 7%
    [Show full text]
  • UKRAINIAN INFRASTRUCTURE BECOMING a PART of the WESTERN WORLD Eastern Mind Western Values UKRAINIAN INFRASTRUCTURE BECOMING a PART of the WESTERN WORLD
    eastern mind western values Strategeast UKRAINIAN INFRASTRUCTURE BECOMING A PART OF THE WESTERN WORLD eastern mind western values UKRAINIAN INFRASTRUCTURE BECOMING A PART OF THE WESTERN WORLD 5 EXECUTIVE SUMMARY 7 INTRODUCTION 8 INFRASTRUCTURE: KEY POINTS 10 ADVANTAGES 12 MAIN CHALLENGES 14 RAILWAYS 16 ROADS 18 PORTS 20 AIR TRANSPORTATION 22 POST OFFICE 24 INTERNATIONAL COMPETITIVENESS OF THE UKRAINIAN INFRASTRUCTURE 24 UKRAINE’S TRANSIT ABILITIES 28 FINANCING AND INVESTMENTS INTO THE INFRASTRUCTURE eastern mind western values Released by Strategeast StrategEast is a strategic center for political and diplomatic 28 STATE-PRIVATE PARTNERSHIPS solutions whose goal is to reorient the elites of these nations that broke away after the dissolution of the Soviet Union and to guide and assist them into closer working relationships 29 UKRAINE AND THE WEST: with the USA and Western Europe. © 2017 Strategeast Center. All rights reserved. No part of this publication MOVING TOWARDS EACH OTHER may be reproduced or transmitted in any form or by any means without per- mission in writing from Strategeast, except in the case of brief quotations in the media. Please direct inquiries to: [email protected] 30 LIST OF SOURCES 2 STRATEGEAST EXECUTIVE SUMMARY Last year, the Ukrainian Government prepared Ukraine is very important to the European Un- what is in essence a revolutionary project to ion as one of the key countries involved in bring changes to Ukraine’s infrastructure. The transportation to and from the EU. However, scale of the project is comparable only with the Ukraine’s excellent transit capabilities have not integration of East European countries into the been yielding a positive result in the 21st cen- European Union’s infrastructure in the 1990’s tury; it is estimated that the country’s transit po- and 2000’s.
    [Show full text]
  • Data Collection Survey on Logistics and Transport System in Southern Ukraine Final Report
    Data Collection Survey on Logistics and Transport System in Southern Ukraine Final Report June 2017 JAPAN INTERNATIONAL COOPERATION AGENCY PADECO Co., Ltd. Pacific Consultants Co., Ltd. 7R JR 17-014 Data Collection Survey on Logistics and Transport System in Southern Ukraine Final Report Contents List of Figures..........................................................................................................................iv List of Tables ........................................................................................................................ viii Abbreviations ........................................................................................................................... x Executive Summary ............................................................................................................ E-1 1. Introduction................................................................................................................... 1-1 1.1 Study Background ............................................................................................... 1-1 1.2 Objectives............................................................................................................ 1-1 1.3 Study Area ........................................................................................................... 1-1 1.4 Study Tasks ......................................................................................................... 1-2 1.5 Study Schedule ...................................................................................................
    [Show full text]