Business news from Ukraine

ORGANIC GRAIN HANDLING COMPLEX TO BE BUILT IN RENI SEAPORT

7 March , 2017  

KYIV. March 6 (Interfax-Ukraine) – Bio-Line-Reni LLC plans to build an organic food handling complex at the Reni seaport. This would add new cargo flow of up to 120,000 tonnes a year, Ukrainian Sea Port Authority has reported.

According to the report, Bio-Line-Reni is implementing the project in pursuance to the law on the Reni special economic zone. The number of ships entering the port would increase by 80-90. The expected volume of private investment is $1.6 million.

According to the authority, extra tax payments from the launch of the complex could reach UAH 762,000, and in two years from the moment of its launch budget payments could total UAH 3-3.5 million.

The ultimate beneficiary of Bio-Line-Reni LLC is Yulia Voitkiv, according to the unified register of companies.