The Brooklyn-Kiev stevedoring company (Odessa seaport) has held talks with the European Bank for Reconstruction and Development (EBRD) on the possibility of financing a project for construction of a grain terminal and reconstruction of berths at the Ilyichevsk seaport. The company’s General Director Yurii Hubankov announced this during the Black Sea Economic Forum in Odessa, the CFTS correspondent reports.

According to Hubankov, the grain complex is expected to be built behind the port’s berths Nos. 7-9 and a preliminary agreement to this effect was recently reached with the state-owned Ilyichevsk seaport. Reconstruction of the berths will be part of the overall project because they are currently in poor condition.

Brooklyn-Kiev has prepared pre-project proposals, which it intends to submit to the management of the Odessa regional administration, the Administration of Seaports, the Ministry of Infrastructure, and the future director of the state enterprise.

According to Hubankov, the total amount of investments required for this project is USD 200 million. According to him, funding from the EBRD could cover half the cost of the project and the company itself could provide 30-40% of the cost. The general director of Brooklyn-Kiev believes that it could take 1.5-2 years to develop the project and obtain all the necessary permits and construction work could take the same period.