Business news from Ukraine

UKRLANDFARMING TO START BUILDING GRAIN TERMINAL IN YUZHNY PORT IN 2017

2 February , 2016  

KYIV. Feb 2 (Interfax-Ukraine) – Ukraine’s largest agricultural holding Ukrlandfarming is in talks with investors to start the construction of a grain terminal in Yuzhny port (Odesa region) in 2017.

“Our top priority in 2016 is Yuzhny port. We are now in talks with investors, and next year we will begin construction,” deputy director general of the holding Ihor Petrashko said in an interview with Latifundist.com.

According to him, the company has built seven elevator and feed complexes, their overall storage capacity is estimated at 2.5 million tonnes. Ukrlandfarming planned to invest in rolling stock, rent grain wagons for 20 years, build an oil extraction plant, developed a project for lysine production. Currently terrestrial infrastructure projects are suspended.

“I can only say that we have a constructive dialogue with Odesa regional administration [with respect to the terminal]. All should be interested in this. These are 5,000 additional jobs, competition in the port, an increase of transshipment. Those who build only theoretically are trying to block this process in every possible way. When they see how we got ahead in the search of an investor, they started using PR attacks,” Petrashko said.