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