Bilhorod-Dnistrovskyi port put up for sale for UAH 188 million

UkrAgroConsult

On March 3, the State Property Fund of Ukraine will hold a privatization auction for the sale of Bilhorod-Dnistrovskyi Commercial Sea Port on Prozorro.Sale.

The starting price of the asset is UAH 187.6 million (excluding VAT), and the guarantee fee for participation in the auction is UAH 37.5 million (excluding VAT), the SPFU said in a statement.

It is noted that in recent years, the port of Bilhorod-Dnistrovskyi has shown significant losses. In 2019-2021, the loss ranged from UAH 23.5-28.5 million. A negative trend was also observed in 2022. In January-September last year, the port suffered a UAH 2.9 million loss.

“In addition, as of September 30, 2022, the port accumulated UAH 104.7 million of overdue accounts payable. Most of the debts are for payroll taxes (UAH 27.3 million) and real estate taxes (UAH 23.6 million),” the agency added.

The port also owes UAH 13.7 million in wages. Since 2019, 88 workers have left the port. As of January-September 2022, 148 people worked there.

“Now, due to the full-scale invasion of Russian troops, the port of Bilhorod-Dnistrovskyi is blocked from the sea. However, it has not stopped. Cargo is being transshipped here in the status of a “dry port,” the SPFU added.

The agency clarified that the port of Bilhorod-Dnistrovskyi is located on the western bank of the Dniester estuary. It is located on 59 hectares of the main port territory (with access to nine berths) and more than 5 hectares of the Buhaz port point (one berth) in the village of Zatoka. The port also includes nine vessels, four diesel locomotives, 18 portal cranes and 56 vehicles (some of which are leased).

The buyer of the port is obliged to pay off wage and budget debts within six months. It will also not be able to dismiss employees on its own initiative during this period. No investment obligations are imposed on the port buyer during martial law.

Tags: Bilhorod-Dnistrovskyi port