The state property fund again canceled the auction for the sale of the Belgorod-Dniester port
The State Property Fund of Ukraine has canceled the third stage of bidding as part of the fifth auction for the sale of property assets of SE “Bilhorod-Dniester Seaport”, which was supposed to take place on September 24, 2024. The reason for this decision was the lack of interest from potential buyers. About this reported port service.
According to the FSMU, if no applications for participation in the auction are submitted by September 24, the terms of the sale of the asset will be revised. This will include lowering the starting price and announcing a second privatization auction.
There are several factors that prevent the port from being successfully sold. First of all, the enterprise has a significant debt of 121 million hryvnias, which includes debts to the budget and arrears from the payment of wages. The requirement to repay these debts as part of the deal deters potential investors because it increases their financial obligations and risks.
An additional obstacle is the damage to the bridge across the Dniester estuary, which was the result of military operations. This complicates the access of ships to the port water area. In addition, the lack of dredging works limits the tonnage of ships that can enter the port, which reduces its attractiveness for large agricultural holdings interested in exporting products to Asia.
The State Property Fund previously noted that if there is no demand for the auction after September 24, the conditions of sale will be revised, which will involve lowering the initial price and announcing a new privatization auction.
