Risks and risk-management in international transport: enhancement of port infrastructure efficiency in Ukraine

Mariia Oharenko

Master's thesis

Abstract:

Ports are complex operations involving government and private-sector partners in creating economic benefits and in identifying, managing and absorbing economic, environmental and security risks. Management of various risks during the investments phases of dry port projects still presents a considerable challenge from the practical and theoretical points of view. Public-private partnership, as a modern form of cooperation between the public and private sector, enables port systems to increase their efficiency and to base their port services on a commercial arm’s length basis despite the limitations of public funding. The introduction of the private sector in port operations directly affects their management models. The aim of the paper is to point out, through the presentation of different management models of ports and possible forms of public private partnerships, the differences in the approach of solving the problem of modernization of Ukrainian ports and achieving their sustainable developments goals. The research results indicate that the timely analysis of the port environment and basic port performance indicators precondition a strategic planning of Ukrainian port systems both at regional and national level. In this way, a better implementation of investment projects will be achieved that will contribute to further growth and development of the Ukrainian port system.

Keywords

Public-private partnerships, port investment risk, port governance, port investment valuation framework, risk-management, Ukraine, risk classification.

Language used: English

Date on which the thesis was submitted / produced: 27. 4. 2018

Thesis defence

• Date of defence: 18. 6. 2018
• Supervisor: Mgr. Jiří Amler
• Reader: Ing. Přemysl Písař, MBA

University of Finance and Administration

Master programme / field:
Economics and Management / Business Management and Corporate Finance