The Ministry of Infrastructure of Ukraine hosted
a ceremony of signing a tripartite Memorandum of intent to implement an
investment project in the Sea Commercial Port of Yuzhny. The document was
inked by CEO of Cargill, Chairman of the State Enterprise Ukrainian
Sea Ports Authority and Director of MV Cargo company.
"Ukraine has a strong potential in the
agricultural sector, which will only grow in the near future”, said Cargill CEO
Martin Shuldt. “To increase the capacity to handle cargo, Cargill needs to
extend its infrastructure. The construction of a terminal in the Port of Yuzhny will
allow us to ship up to 70% of Ukrainian grain export".
By signing the Memo Cargill company confirms
their intention to purchase 51% of a transhipment terminal which is to be built
by a stevedoring company MV Cargo in the Yuzhny Port of Odesa city.
The amount of investment makes up around USD 130
million. Throughout a year after signing the document the contracting parties
are to commence implementation of the project. The terminal
is planned to put in operation in 2017.
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