Work is starting on a $55 million China-Ukraine public private investment to increase grain and vegetable oil handling facilities at Mykolaiv

Work is starting on a $55 million China-Ukraine public private investment to increase grain and vegetable oil handling facilities at Mykolaiv, now Ukraine’s second busiest Black Sea Port, after Odesa. Raivis Veckagans, head of the Sea Port Authority, reports from Mykolaiv that the port’s grain handling capacity will be increased by 2.5 million tons a year and oil handling by 1 million tons. The state agency is to spend $12 million, largely for dredging. Kyiv’s Orum Group is building the grain and vegetable transshipment complexes. In addition, an Orum unit, Seaside Terminal, plans to invest $4 million to rebuild the Mykolaiv-Vantazh rail station, increasing its capacity. Separately, the Infrastructure Ministry reports that COFCO — China National Cereals, Oils and Foodstuffs Corporation — will invest up to $30 million in berth capacity and river logistics.