Business news from Ukraine

MARIUPOL PORT TO INVEST UAH 800 MLN IN BUILDING GRAIN TERMINAL

12 October , 2016  

KYIV. Oct 12 (Interfax-Ukraine) – Mariupol maritime merchant port intends to invest about UAH 800 million in a new grain transfer complex.

According to the port’s press service, with reference to port director Oleksandr Oliynyk, the design capacity of the new grain terminal will be 2 million tonnes per year.

“When completed in 2019, the terminal will be able to accept freight simultaneously from two types of transport: at least 240 trucks and 100 wagons a day,” he said.

He noted the main reason for the emergence of such a project is fighting in the east.

“The war cut the port off from traditional goods – coal and ore. Therefore, to save turnover and profit the port management must involve alternative sources of load,” he said.

Oliynyk said in the next 20 years grain exports will double to 70 million tonnes per year.

“Moreover, the growth of exports in the Azov region is observed now: 1.2 million tonnes passed through the port 2012, while in 2013 the figure was 1.4 million tonnes, in 2014 some 2 million tonnes of grain. Due to growth of exports the actual transshipment of these goods grows in the ports of the Azov region,” the expert said.