The concession agreement of the seaport Kherson have signed

Today, on June 26, 2020, in the presence of the President of Ukraine Volodymyr Zelenskyy, the first seaport concession agreement in Ukraine was signed. The concession agreement was signed between the Ministry of Infrastructure of Ukraine, SE “Ukrainian Sea Ports Authority”, “RISOIL-KHERSON” LLC and “RISOIL-KHERSON PROJECT COMPANY” LLC.

The agreement provides the obligation of the concessionaire to contribute in the development of local infrastructure in the amount of at least UAH 18 million; annually pay a concession payment in the amount of at least UAH 12 million, taking into account indexation and 7% of the net income of the concessionaire; to invest at least UAH 216 million in the concession object, and to invest at least UAH 62 million in the first 10 years. It also provides social guarantees for employees of SE "Kherson Sea Commercial Port" and SE "USPA".

The Office of the National Investment Council congratulates everyone on the successful implementation of the first concession project in the maritime industry and looks forward to the further development of public-private partnership projects in other sectors.

“The Office of the National Investment Council was one of the initiators of the development of legislation on concessions. With our direct participation, this law was initiated and developed, and I am glad to see the positive consequences of its adoption. Ukraine has many interesting and promising assets, and we should correctly implement them. I am sure that in the future we will see more concessions and public-private partnership projects,” - said Olga Magaletska, Head of the Office of the National Investment Council.

© 2020 Office of the National Investment Council of Ukraine