Ukraine passes the law on inland water transport08/12/2020

Ukraine passes the law on inland water transport

The Parliament of Ukraine passed in the second reading the bill 1182-1-d "On Inland Water Transport". The Law gives a fresh impetus to the reform of river transportation in Ukraine, turning the Dnipro River into a major transport artery of our country. The Law allows to:

✅ Increase freight traffic to 30 million per year which will bring from 13 to 16 billion hryvnias to the state annually.
✅ Increase market competition, attract investments, provide a level playing field, bring transparent rules, and stimulate international trade.
✅ Deregulate the industry through the introduction of free passage of locks and partial exemption of inland waterway vessels from fees in seaports.
✅ Relieve the highways and reduce the costs for road repair - 1 million tonnes of cargo transported by the river will save UAH 1 billion over 4 years in road restoration.
✅ Simplify administrative procedures for vessel registration and issuance of qualification documents.