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Private investment will help modernize Ukrainian ports

Posted by the Editor on December 30, 2013


News / 30 December 2013 | 16:14

Private investment will help modernize Ukrainian ports

Private investment will help modernize Ukrainian ports

The Ministry of Infrastructure of Ukraine has instructed Ukrainian ports to complete the entire package of investment projects in 2014, which are included into long-term plans for the ports development, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
This was discussed during the final meeting of the maritime industrial leaders with the representatives of the Cabinet of Ministers and potential investors. According to the meeting attendees, the year 2013 was marked by major reforms and restructuring of the domestic port infrastructure.
Thus, the government is actively implementing the Seaport development strategy 2038, adopted in 2013. It involves long-term increase of the annual processing of goods by the ports to 210 million tons. It is also planned to increase by 80% the performance of the transshipment complexes of the seaports. In addition, it is expected to attract 26 billion UAH of private investment to the development of the port infrastructure that will create 15,000 jobs and improve environmental safety of the ports.
One of the main innovations in development of the port infrastructure in 2013 was the phased introduction of the Port Community Information System (ISPS), experts say. The system connects all the shipping process participants into a common information base “Single Window – Local Solution.”
According to the system developers, it primarily addresses the needs of business. Thus, the System testing results in pilot ports of Odessa and Ilyichevsk showed shortening of the cargo clearance time to four hours. Previously, a similar procedure took an average 40-45 hours. In addition, the new technology allows for the operational workflow, and eliminates corruption mechanisms due to the lack of direct contact with business officials.

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