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Sea ports will be the first facilities to face concession, the minister said.
Ukraine's Infrastructure Minister Volodymyr Omelyan says at least $3 billion will be invested in the country's port industry over the next five years.
"We see that investment in the port industry will be at least $3 billion over the next five years," he said, while addressing students in the city of Mykolaiv on November 15.
The minister also told about plans to introduce a new approach on the concession.
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"The law on concession has passed its first reading in the Verkhovna Rada, [Ukraine's parliament]. We hope it will be adopted. It is seaports that will become the first facilities for concession. They will remain in state ownership, but will be conceded to international companies for 10, 25, and 49 years. This will double or triple budget revenues compared with the existing lease system. It will also give new jobs and technologies," he said.
As UNIAN reported earlier, in the summer of 2018, Ukraine and Qatar agreed to attract investment in the Ukrainian port infrastructure to incorporate the sea terminals into international supply chains, as well as to increase exports of Ukrainian agricultural products to Qatar.
This year, P&O Maritime Ukraine, owned by one of the world's largest port operators, DP World (UAE), started providing towing services in the port of Chornomorsk in Odesa region.