The Infrastructure Ministry of Ukraine is to sign a memorandum of intent with a global grain market player, France's Soufflet Group, on June 19 to invest in the development of Ilyichevsk seaport infrastructure, the Interfax Ukraine news agency reports.

The ministry's press service reported that representatives of Soufflet Group expressed their readiness to invest in the development of Ilyichevsk maritime merchandise port (Odesa region) and by signing the memo the investor would prove its plans to realize an investment project for port in the coming years. The details have not yet been disclosed.

Ilyichevsk maritime merchant port is a universal international port, one of the biggest on the Black Sea. Its annual handling capacity is upwards of 30 million tonnes of cargo. It has specialized terminals and complexes that handle a wide range of cargo – liquid, bulk, and general. The port's 29 berths allow ships with a tonnage of up to 100,000 tonnes to be handled. The port's annual projected capacity exceeds 30 million tonnes.

Soufflet Group is one of the largest malt producers in the world.