The Ukrainian Seaports Authority (USPA) continues to implement an investment project involving construction of the berth No. 8 at the Mykolaiv seaport. Private investors will build grain and oil transshipment complexes in the rear of the berth, the CFTS portal reports, citing the USPA.

The USPA is building the berth in fulfillment of its obligations under a public-private partnership project. UAH 350 million will be spent on construction and dredging work. Private investment will total more than UAH 1.2 billion.

The transshipment complex will be able to handle up to 750,000 tons of vegetable oils per year and the grain transshipment complex will have a storage capacity of 96,000 tons. A warehouse with a capacity of 40,000 tons and other auxiliary facilities will also be built.

"The USPA’s investment projects are aimed at developing the potential of the seaports in the Mykolaiv region. We are investing our own funds and actively cooperating with port operators and private businesses. It involves development of the mooring and rear infrastructure of the berths No. 0 and No. 8. This will increase the Mykolaiv seaport’s grain processing capacity by more than 2 million tons per year and its oil processing capacity by 750,000 tons per year," the USPA’s head Raivis Veckagans said during a working visit to the Mykolaiv seaport.

As the CFTS portal reported earlier, China National Cereals, Oils, and Foodstuffs Corporation (COFCO) intends to invest USD 30 million in development of the Mykolaiv seaport and Ukraine’s river logistics.

In addition, the USPA has reached an agreement with the Seaside Terminal company on reconstruction of the Mykolaiv-Freight railway station. Investment in its reconstruction will total about UAH 120 million.