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Cargill to invest $130 mn in building grain terminal in Ukraine
−− Terminal launch is tentatively scheduled for 2017
Feb. 29, 2016
The Memorandum was signed by Cargill CEO Martin Schuldt, chairman of the Administration of Ukraine's Seaports Andriy Amelin and director of docking company MV Cargo Oleksandr Primak.
According to the agreement, Cargill is obliged to acquire 51% of the terminal to be built by MV Cargo. Before construction starts, Ukraine's seaports administration have also pledged to dredge the bottom of the port, as part of the deal.
Once built, the terminal will allow Cargill to ship up to 5 million tonnes of grains and other goods per year, increasing this volume by 2-4 million tonnes going forward.
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