An agreement on Port Yuzhniy investment project inked with Cargill

25.03.2016 19:10 "Agro Perspectiva" (Kyiv) — As of this week, the Ukrainian Sea Port Authority and M. V. Cargo have signed an agreement on building a grain terminal at the Yuzhny seaport, Government Portal reports. As to the report, within the framework of the deal, M. V. Cargo acts as a developer and assumes liabilities to build a specialized marine grain handling terminal as well as a berth 25 at the Port Yuzhniy. A capacity of the first phase of the terminal will total about 5 million tons, while the second phase will enable to boost the capacity by two to four million tons. Reportedly, in turn, the Ukrainian Sea Port Authority will ensure the navigable operating area of berth 25 and the navigable canal leading to berth 25 of the Port. As to the report, the approximate cost of investment in building of the grain terminal totals about US$104 million. Profile ministries are agreeing the project feasibility study. Reportedly, M. V. Cargo plans to accomplish building of the grain terminal before Sept 1, 2018. The Sea Port Authority is responsible for completing of the dredging works before Feb 1, 2018.

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