Alebor Group to invest $40 million in a grain terminal in the Chernivtsi region

Alebor Group to invest $40 million in a grain terminal in the Chernivtsi region

The total construction cost of the facility will be $40 million.

Alebor Group will build a grain terminal on the territory of the Hlyboka community (Chernivtsi region) for transshipment of Ukrainian agricultural products to a narrow European railway gauge and subsequent shipment to the Romanian port of Constanta.

Hryhoriy Vanzuriak, the head of the Hlyboka community, wrote on Facebook that the facility will be equipped with silos with a capacity of up to 200,000 tonnes of grain and a transshipment capacity of 3 million tonnes per year.

According to him, the first stage of the $20 million project, which will be completed in January 2023, will allow storing up to 60,000 tonnes of crops and transshipping up to 1.2 million tonnes of grain to Romania annually.

The total construction cost of the facility will be $40 million.

Vanzuriak specified that in the long term, the Vadul-Siret Terminal project offers a logistics route to the port of Constanta as an alternative to the ports of Ukraine.

As reported, Alebor Group in July announced the purchase of a land plot for the construction of a terminal for the transshipment of crops from the wide Ukrainian railway gauge to the narrow European one, as well as an elevator with a total capacity of 60,000 hectares.

The group clarified that already in September it plans to carry out daily reloading of up to 1,500 tonnes of grain from Ukrainian broad-gauge railways to European narrow-gauge railways at the acquired site. It also plans to build a grain transshipment terminal with a capacity of 60,000 tonnes by January 1, 2023, with the possibility of reloading up to 3,000 tonnes per day.

Alebor Group was established in 2014. Its founder is entrepreneur Oleksiy Kustov.

Prior to the start of the full-scale Russian invasion of Ukraine, the group of companies had the capacity to export 1.2 million tonnes of grains and oilseeds per year. The total capacity of the three elevators is 315,000 tonnes.

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