Economic Mechanism for Determining Concession Fees while Implementing the PPP-Projects for the Commercial Sea Ports of Ukraine
The article determines that one of the most effective tools for development of commercial sea ports (CSP) of Ukraine is the use of public-private partnership (PPP). For the sea port industry branch, the most common form of PPP is concession. Concessions in the commercial sea ports is used for creating, updating, operation of a port infrastructure object at the expense of private investor. The article takes into consideration the main approaches to determining amounts of concession fees and it has been noted that at the present day there isn't a methodology for determining amounts of concession fees for the port infrastructure objects, which have been available to providing services. An economic mechanism for determining the differential amount of concession fees for the existing port infrastructure objects (brownfield projects) has been elaborated on the basis of investment attractiveness, which takes into account the level of profitability of sea port, efficiency in the use of its assets, solvency, financial sustainability, logistic and capacity for self-development. A differentiated approach to determining amounts of concession fees according to the proposed methodology will help to increase revenues from the CSP with a high average level of investment appeal and attract investor in ports with low investment attractiveness.