Heading for liberation. Law on river transportation adopted
The Verkhovna Rada (Ukraine’s Parliament) has adopted at first reading Bill No. 1182-1-d “On Inland Water Transport”, which gives a start to the reform of river transportation in Ukraine. The bill aims to transform the Dnipro River into a powerful water artery, introducing efficient river logistics. This step will help increase the annual volume of cargo transportation along Ukrainian rivers 2.5 times, to 30 MMT, and relieve the country’s roads.
If the bill is passed at second reading, the market of inland water transport services is expected to be liberalized considerably.
A mixed response was seen from the market, traders and relevant associations.
In the opinion of UkrAgroConsult, this bill has long been essential to the sector, but its adoption has been postponed for many years due to various reasons. Opening the river transportation market will increase competition and benefit Ukrainian grain logistics in the mid-term outlook. We forecast that this mode of transport will be more accessible for agricultural goods and, most importantly, cheap.
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