Friday, November 8, 2024

The port authority plans to invest all of the port’s earnings into infrastructure and restore it to at least pre-war levels; more than $222M will be needed.

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Head of the Administration of Sea Ports of Ukraine (AMPU) Yuriy Lytvyn claims that the ports will work around the clock to restore infrastructure. According to him, AMPU set itself a priority task over the next two years to restore the port infrastructure to at least the pre-war level, for which the institution needs ₴9-9.5B ($222M).

Lytvyn also said that Ukraine is finalizing negotiations on the resumption of ferry service from Azerbaijan. This would provide transportation from Baku to Ukraine and transit through all the countries that the ships pass through.

At the same time, Lytvyn emphasized that the ferry line’s operation will depend on the market, including crop yield, the agricultural sector’s performance, the nomenclature of goods for export-import, and the functioning of the economy in general.

 

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