State Property Fund is looking for a private investor for the Bilhorod-Dnistrovskyi Port. Auction on June 6

The State Property Fund will hold a privatization auction for the sale of the “Bilhorod-Dnistrovskyi Sea Trade Port” on June 6. Bidding will take place on Prozorro.Sales. The starting price is 184.9 million UAH (excluding VAT). Guarantee fee for participation in bidding – 37 million UAH (excluding VAT).

Bilhorod-Dnistrovskyi Port is a loss-making enterprise. As of March 31, 2023, it has overdue payables in the amount of 118.7 million UAH (including 11.5 million UAH in salary debts and 30.0 million UAH in salary taxes).

In 2020 and 2021 the port performed dramatic losses – 25.2 million UAH and 28.5 million UAH respectively. Only in 2022, the enterprise received 63 thousand UAH in net profit. But according to the results of the first quarter of 2023, it again showed a loss (4.5 million UAH).

Bilhorod-Dnistrovskyi Port is located on the western coast of Dniester estuary. It is located on the 59 hectares of the main territory of the port (may consist of nine berths) and more than 5 hectares of the territory of the Bugaz port point (one berths) in Zatoka village.

The port also includes nine ships, four locomotives, 18 gantry cranes, 47 vehicles, etc.

The buyer of the port is obliged to repay salary and budget debts within six months. In addition, he/she will not be able to fire workers on his own initiative during this period.

The starting price is calculated based on the book value of port’s assets.

Recall, that on January 17, the State Property Fund of Ukraine held a privatization auction at which it sold the Ust-Dunaisk port. During the auction, the value of an asset increased three times to 201 million UAH. Eight entrepreneurs took part in the auction.