Mechanisms for risk-oriented management of concession projects in seaports

Within the framework of the implementation of the Law “On Seaports in Ukraine”, the Ministry of Infrastructure of Ukraine has developed a strategy for the development of seaports of Ukraine, which provides for the development of port (terminal) and adjacent (access railways, roads) infrastructure, as well as directions for reforming the industry by attracting private investment through implementation of public-private partnership projects. Concession projects, unlike other types of public-private partnerships, are the most effective form of cooperation between the state and private investors in the implementation of strategies for reforming sea trade ports. The purpose of the study is to develop a mechanism for effective risk-oriented management of concession projects implemented in seaports of Ukraine. The work identified the stakeholders of the concession project in the port: the state, private investors, regulatory authorities (seaport administration, environmental inspection, customs, border authorities), the labor collective of the port, local authorities, citizens, port business. The implementation of large investment projects, including concession projects, is always associated with a significant number of risks. Each of the stakeholders of the port concession project has its own specific goals. Consequently, the risks of each of the project participants are different. The paper presents a mechanism for finding the area of mutually acceptable goals of the stakeholders of the concession project being implemented in the seaport. Having determined the goals of the stakeholders of the concession project, a risk management mechanism was proposed for each of the project participants, which allows identifying risk situations for the state, private investors, regulatory authorities, the port's labor collective, local authorities, citizens and the port business. A model for managing goal indicators of stakeholders is proposed, taking into account the weighting coefficient of a certain indicator for a specific stakeholder.