The Ukrlandfarming agro-industrial company plans to finalize the technical documentation for construction of an elevator at the Yuzhny port before the end of 2014. The company’s Director Halyna Kovtok announced this at a news briefing, RBC Ukraine reports.

"Construction of the port elevator is an important component for us and the final part of our entire vertical integration. We already have a land plot at the port, we are currently working on it, and we are currently performing a feasibility study and preparing a preliminary project in accordance with our plot," said Kovtok.

According to her, the specific natures of the berths and the land are quite interesting. "My job as the head of the company is to prepare all the necessary documents and have them ready before the end of this year. That is, the documents that will allow commencement of construction not only on land, but also in the water. That is, the feasibility study and the project, which is currently at the pre-project stage, should be completed by the end of this year. In addition, the permits necessary for commencement of construction of the elevator at the Yuzhny port should be obtained before the end of the year," said Kovtok.

Information from Ukrlandfarming states that it is the largest agricultural holding company in Eurasia. It engages in cultivation of grain, production of eggs, egg products, and sugar, breeding of cattle, as well as in distribution of equipment, fertilizer, and seeds. Ukrlandfarming manages about 670,000 hectares of land. Most of the company’s assets are located in central and western Ukraine. The main shareholder of the agricultural holding is the head of its board of directors, Oleh Bakhmatiuk. Cargill, the world's largest commodity trader, also owns a minority stake of about 5% in Ukrlandfarming.