Business news from Ukraine

NOVOTECH-TERMINAL STARTS BUILDING GRAIN TERMINAL AT ODESA SEAPORT

26 January , 2017  

KYIV. Jan 26 (Interfax-Ukraine) – Construction of a new grain terminal of Novotech-Terminal LLC with a projected annual capacity of around 3 million tonnes has been started at Odesa maritime merchandise port.

According to a posting on the website of bank Pivdenny, which acts as a financial partner of Novotech-Terminal jointly with Tekom-Lease, the terminal will be built in four stages and ends in 2019.

The new terminal will be located at berths 25 and 26 of the port. It will service vessels of up to 250 meters longs and water draft of up to 11 meters. The terminal will have a port elevator with a storage capacity of 110,000 tonnes.

“The construction projects has passed all the required examinations and approvals, and the land parcel where the facility will be built was leased by Odesa Regional Administration for a long period of time,” the bank said.

Novotech-Terminal stevedoring company was founded in October 2004. It operates at berths 22, 25 and 26 of Odesa seaport. The company handles exported, imported and transit cargos.