Business news from Ukraine

IZMAIL SEAPORT LOOKING FOR INVESTORS TO DEVELOP GRAIN HANDLING CAPACITY

29 October , 2015  

KYIV. Oct 29 (Interfax-Ukraine) – Izmail maritime merchandise port state enterprise (Odesa region) plans to attract investors to develop the port’s grain handling capacities, Head of the Infrastructure Development Service of the port Liudmyla Hirus has said.

“Since 2002 we’ve been working on the issue of special terminals and today we’ve finished only with technical offers where we discuss two land parcels not far from berth 12 with a gross area of around 1.5 ha and behind berth 26 with area of 3.2 ha,” she said at the investment forum “New projects of grain and oilseeds terminals at the ports of Ukraine” in Kyiv on Wednesday.

Hirus said that the option of a separate railway track to these parcels is foreseen. A capacity of up to 700,000 tonnes a year is planned for the first land parcel with the possibility of servicing vessels of up to 145 meters long and with the draft of up to 5.5 meters.

She said that the cost of the project for the first land parcel as of 2009 was estimated at UAH 27.1 million of capital investment. Today, it is UAH 81 million.

She said that the second site foresees two construction stages. Its capacity is 550,000 tonnes.

The cost of the project in 2001 was UAH 32 million, and today it is around UAH 100 million.