UkrLandFarming, the largest agricultural holding in Ukraine, plans to begin construction of a terminal near the Yuzhny port (Odessa region) in March-April 2014, UkrLandFarming’s owner Oleh Bakhmatiuk told journalists during the IV Ukrainian Grain Congress, the Interfax-Ukraine news agency reports.
"We hope to start construction work in March-April," he said.
The holding company’s owner said that it expected to obtain a construction permit before the end of 2013.
According to Bakhmatiuk, UkrLandFarming has not yet found an investor for joint construction of the terminal. He expressed the hope that the company’s other projects will develop if an investor is attracted to this project.
"However, there are currently problems with Ukraine’s ratings. It is very difficult to find liquid external funds and domestic funds are very expensive," he said.
As reported, the company acquired 68.6 hectares of land near the Yuzhny port in early 2013.
UkrLandFarming, according to him, is the largest agricultural holding in the Eurasia region. It engages in cultivation of grain, production of eggs, egg products, and sugar, breeding of cattle, and distribution of equipment, fertilizer, and seeds.
The holding company consists of 111 horizontal silos, six seed plants, 19 poultry farms, nine farms for breeding laying hens, three sow farms, three breeding farms, six feed mills, three long-term storage warehouses, the Imperovo Foods egg product factory, six sugar mills, 19 meat processing plants, and two and two tanneries. The company has 68,000 heads of cattle and currently has 534,000 hectares of arable land.
Louis Dreyfus Commodities and the Brooklyn-Kiev limited liability company recently announced the conclusion of an agreement to establish a joint venture for development and management of several terminals in Odessa.