IFC to disburse money for building a terminal at Yuzhny sea port

23:07, 23 January 2017
Economy
211 0

The International Finance Corporation (IFC) approved the allocation of $37 million to LLC M.V. Cargo for building a grain terminal at the sea port of Yuzhny. The IFC said the parties are going to sign a facility agreement, according to UkrAgroConsult.

Photo from UNIAN

The grain terminal with an annual capacity of 5 MMT will be constructed in two stages, near berth 25, BlackSeaGrain reported citing UkrAgroConsult.

Railway facilities for receiving 4 MMT of grain will be built first, as well as grain warehouses, grain drying equipment, a transport network of lifts and conveyors, and a loading vessel with a capacity of 2,000 MT of grain per hour. The first development stage will include constructing a 422 meter-long berth with a 2,000 MT/hour portable loader.

Read alsoLatvia's Raivis Veckagans appointed CEO of Ukrainian Sea Ports Authority The second stage of the terminal’s construction will envisage building liquid bulk cargo facilities, additional siloes, and a second loading vessel.

The above will allow doubling the terminal's grain handling capacity to 6-8 MMT a year. The project is expected to be implemented and put into operation within two years from the start of the construction. The investments in the project total $130 million.

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