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Details of $75 million in company investments to upgrade Mykolaiv port, Ukraine’s second busiest, has been released by the Sea Ports Authority

Details of $75 million in company investments to upgrade Mykolaiv port, Ukraine’s second busiest, has been released by the Sea Ports Authority

Details of $75 million in company investments to upgrade Mykolaiv port, Ukraine’s second busiest, has been released by the Sea Ports Authority. Companies owned by Leonid Kryuchkov will invest $43 million to build two transshipment complexes capable of handing a total of 2 million tons a year of grain, oilseeds, vegetable oil and bulk cargo. Kryuchkov also plans to invest $4.3 million to upgrade the cargo handling capacity of Mykolaiv-Vantazhny, the city’s main rail station. Separately, China’s COFCO plans to invest up to $30 million to upgrade berths and port logistics.

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