OREANDA-NEWS. On 21 February 2008 the State Property Fund has published the privatization conditions for Odessa Port Plant with the auction itself expected in 75 days. The starting price for the 99.52% stake was set at US$ 600 mln with the new owner also obligated to invest US$ 256 mln into plant modernization. Auction conditions also require that the number of workers at the plant as of the date of the auction announcement must be preserved for 10 years, with the average salary raised to the level of EU peers within three years.