Business news from Ukraine

FIRST STAGE OF GRAIN TERMINAL LAUNCHED AT OLVIA PORT

The first stage of a terminal that would handle agricultural products has been launched at the Olvia specialized seaport, the Ukrainian Sea Port Authority has reported on its website. “To date, the first stage of construction under the project has been completed, namely the construction of four silos with a capacity of 6,500 tonnes each. The construction of a storage warehouse is underway,” said BT Invest Ltd. CEO Aivaras Karalius at the Ukrainian Ports Forum 2018.
According to him, after the project is completed, the terminal will be able to handle up to 4 million tonnes of cargo per year, the throughput will be 300 trucks and 200 railway cars per day.
According to the report, the project is being implemented by the investment company BT Invest and jointly with Evrozovnishtorh LLC.
BT Invest was set up in 2008 by former stockholders in Sandora juice producer Raimondos Tumenas and the late Ihor Bezzub. The company owns the Novus chain, Stolitsa Group that implements real estate projects in Kyiv city and region and acts as an investment partner in construction of the Retroville shopping center. BT Invest also owns a business center in Lithuania. BT Invest jointly with Ukrainian partners is realizing a new infrastructure project – a seaport in Mykolaiv. Evrozovnishtorh LLC started building a grain terminal at Olvia port in 2017.

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GRAIN TERMINAL OF CARGILL AND MV CARGO COULD HANDLE FIRST MLN TONNE OF GRAIN BY LATE 2018

The grain terminal of Cargill and MV Cargo in Yuzhny port (Odesa region), whose capacity will total 5 million tonnes of grain per year, and the cost is estimated at $150 million, could by the end of 2018 transfer the first one million tonnes of grain, the co-owner and CEO of TIS Port, Andriy Stavnitser, has said. “We plan to launch the MV Cargo terminal in summer and I hope we will handle one million tonnes by the end of the year. I will be superstitious, I will not voice the date. But we are doing everything to launch it in summer. Whether it will be June or August I cannot say: construction in Ukrainian realities is a thing not always predictable,” he said in an interview with Interfax-Ukraine.
According to Stavnitser, from the point of view of construction itself, everything is proceeding well: the dredging has been completed, the filling of the pier with sand is being carried out, and then hydraulic engineering construction will begin.
As reported, Cargill (the United States), the Ukrainian Sea Ports Authority and MV Cargo LLC in August 2015 signed a tripartite memorandum of intent to implement an investment project in Yuzhny port. Its launch was scheduled for 2017.

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