KYIV. Feb 25 (Interfax-Ukraine) – The investor in M.V. Cargo Andriy Stavnitser after the creation of a team that can realize investment projects plans to attract other investors to Ukraine, and he is creating an investment bank, Stavnitser said on Wednesday after singing of the investment agreement between M.V. Cargo and U.S. Cargill to invest $100 million in the construction of a grain terminal at the Yuzhny port.
Stavnitser has not yet delivered the details of the project on the creation of the investment bank.
Commenting on the investment agreement, he said that the sides formalized their plans via the signing of the agreement on the acquisition of 51% of shares in M.V. Cargo by Cargill.
The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) will be also investors in the project.
He said that his company will build the terminal under the turn-key conditions.
He said that the company signed a memorandum on dredging works with the Sea Port Authority of Ukraine. The works would allow accepting ships with draught of 100,000 tonnes to load them at the terminal. He said that there is a separate order of the prime minister regarding the signing of the dredging agreement with the authority.
The press service of M.V. Cargo told Interfax-Ukraine that the structure of investment will be the following: Sea Port Authority carries out all the required dredging works, and M.V. Cargo will invest a part of the funds into the construction of the grain terminal, and the rest of the funds will be provided by the EBRD and IFC.
The press service said that after its realization the project would be able to bring around UAH 300 million of taxes to the national budget and around $10 million of payments in the form of port fees every year.
