Business news from Ukraine

AGRICULTURAL COMPANIES INVEST BILLIONS OF HRYVNIAS IN DEVELOPMENT OF FACILITIES AT UKRAINIAN SEAPORTS IN 2015

4 February , 2016  

KYIV. Feb 4 (Interfax-Ukraine) – Some agricultural companies invested billions of hryvnias in the development of facilities at Ukrainian seaports in 2015, according to a report of the Cabinet of Ministers published on its website.

Noble Agri (China) used around UAH 500 million to realize a project on building a grain terminal in the rear part of berths 1 and 2 at Mykolaiv seaport.

Bunge (the U.S.) invested around UAH 1.7 billion in construction of a modern grain terminal and a seed crushing plant in the rear parts of berths 13 and 14 of Mykolaiv seaport.

Brooklyn-Kyiv LLC (Louis Dreifus, France) is building a grain terminal in the rear part of berth one of Odesa seaport. The Ukrainian Sea Port Authority is implementing a project on construction of berth 1-z for general cargos. Brooklyn-Kyiv raised $60 million from the European Bank for Reconstruction and Development to create the grain complex with an annual capacity of 4.5 million tonnes.

HPC Ukraine (Germany) is the operator of a container terminal on the Quarantine Mole of Odesa seaport and the investor in its expansion. Total investment in the project is UAH 5.18 billion. The construction will be finished in 2018. At present, the readiness of the project is 61.5% and UAH 3.192 billion has been used.

In 2015, state-run enterprises managed by the Infrastructure Ministry of Ukraine and companies investors signed several memorandums of intent. On July 19, 2015, a memorandum of intent was signed between Illilchivsk Maritime Merchandise Port and Soufflet Negoce S. A. The memo envisages investment in construction of a new terminal on one of the port’s berths. Total investment will be up to $100 million.

On August 13, 2015, a trilateral memo of cooperation between the Ukrainian Sea Port Authority, MV Cargo LLC and AT Cargill on the joint realization of affiliated projects on building a grain handling terminal with berth 25 and the creation of a working water area near the berth 16 meters deep. Total investment is planned at some $130 million.

Then the memorandum of intent was signed between Oktiabrsk Sea Port and public joint-stock company ArcelorMittal Kryvyi Rih. The document announces joint actions and development of cooperation in the sea transport and metal exports area.