The State Administration of Sea and River ports of Ukraine together with the EU Commission work on a new contract framework, that shall regulate the forthcoming investments into port infrastructure. The deadline announced is December 2011.
The document sets conditions for the 30-year concession period within which State reimburses investors for their expenditures plus the agreed interest, and after which State finally takes over the right of property.
The new rules will be first applied at the port of Illychivsk for a 290 mln. USD container terminal project .
www.trans-port.com.ua
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