A project for construction of a high-tech complex for transshipment and processing of organic grains is to be implemented in the Reni seaport. The complex’s technology will meet the standards and rules of the Research Institute of Organic Agriculture (FIBL). Private investment in the project is expected to total USD 1.6 million, the CFTS portal reports, citing the Ukrainian Seaports Authority.
The Bio-Line-Reni limited liability company is implementing the project within the framework of the law on the Reni special economic zone. The Reni seaport expects the project to generate additional cargo volumes of up to 120,000 tons per year and increase the number of vessels calling at the port by 80-90.
In addition, implementation of the project is expected to create an additional 30 jobs and generate an additional UAH 762,000 in tax revenues. Annual budget revenues are expected to increase by a further UAH 3-3.5 million within two years of commencement of operation.
As the CFTS reported earlier, the Novotekh Terminal company has begun building a new grain terminal with a design capacity of about 3 million tons per year at the Odesa seaport.
In addition, the Mariupol commercial seaport and Abrook Inc (the official representative of grain-transshipment equipment manufacturer Ag Growth International (AGI)) have signed a contract for supply of the complete set of equipment for a future grain complex in the port. The Mariupol seaport’s management decided in 2016 to build a grain terminal to ensure maximum versatility of the port.