The Berdiansk commercial seaport has USD 10 million in its bank account and it wants to spend the money on construction of a new grain terminal.

"We are ready to invest our own funds in the Berdiansk seaport. As of today, we have in our accounts USD 10 million for construction of a grain terminal. We have once again included this item in the enterprise’s financial plan for next year. We are awaiting the reactions of the Ministry of Transport and the Cabinet of Ministers..." the Berdiansk seaport’s head Mykola Ilin said.

As reported, the Berdiansk seaport presented the project for construction of a grain terminal in Kyiv in late October 2015.

The grain terminal is expected to have a capacity of 1 million tons of grain and food cargo. The project provides for transportation of cargoes by both rail and road. The total project cost of the project is expected at UAH 116 million. According to forecasts, the project may be implemented by 2018.