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

The grain terminal with an annual capacity of 5 MMT will be constructed near berth #25 in two stages.

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 2000 MT of grain per hour. The first development stage will include constructing a 422 m-long berth with one 2000 MT/hour portable loader.

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 amount of investments in the project totals USD 130 Ml.

More information on grain handling capacities in ports is available in UkrAgroConsult report "Grain handling capacities in Ukrainian ports".