Ukrainian Sea Ports Authority Begins Selling Recreation Centers, Museums, And Concert Halls

06 July 2017 17:40

The Ukrainian Sea Ports Authority has begun selling or transferring management of the non-core assets on its books in conjunction with the State Property Fund. According the Ukrainian Sea Ports Authority, these are mostly social facilities.

"Twenty-two important facilities on the books of the Ukrainian Sea Ports Authority have nothing to do with the core business profile of the company, but they are of great importance to local communities. These are recreation centers, museums, concert halls, etc. Their sale or transfer is long overdue because the task of the Ukrainian Sea Ports Authority is to develop the port industry and not operate in the recreational and social sectors," said Vadym Shtepura, the head of the Ukrainian Sea Ports Authority’s internal audit service.

According to Shtepura, getting rid of these non-core assets will allow the Ukrainian Sea Ports Authority to concentrate its resources on its core areas of operation.

It will get rid of these non-core assets mainly through rent and privatization via open competitions.

The most popular social facilities currently belonging to the Ukrainian Sea Ports Authority include the Portovik sanatorium (the Yuzhny seaport), the De Volana port museum, a concert and exhibition hall (Odesa Seaport), the People's Museum of Sports History (Mykolaiv seaport), the Yunist Sports Palace and the Albatross children's health center (the Chornomorsk seaport), and the Fregat children's recreation complex (Kherson seaport).

The Ukrainian Sea Ports Authority was founded in 2013. It oversees the operations of 13 seaports in Ukraine. It owns strategic port infrastructure, which include the water basins of seaports, hydraulic structures, berths, and public infrastructure (access roads and utility networks). The Ukrainian Sea Ports Authority facilitates the operations of seaports, collects port charges, and provides general maintenance services. Every seaport has a branch of the Ukrainian Seaports Authority, which is the port authority.