The cooperation between state owned corporations from China and Ukraine foresee implementation of several grand projects by 2020. In particular, it concerns enlarging capacities of grain elevators and construction of anew deep-water port. According to the preliminary estimates, the amounts of investments needed amount to USD 500mln, voiced the CEO of SFGC Ukraine Aleksander Grigorovych. USD 25mln will be channeled into modernization of Odessa grain port increasing the capacity of the port and contributing to lower the handling costs. USD 130mln will be used reconstruction of line grain silo and flouring mills to reduce production costs by 35%. Ukrainian company plans to erect new grain elevators with a total capacity of 150thousand tons in Kyiv and Vinnytsia regions. The reconstruction of present maritime terminals and construction of anew deep-water port will need USD 135mln of investments. At this, State Food and Grain Corporation of Ukraine plans to launch a new logistics center which will have its own grain freight railways cars. The logistics project worth is estimated at USD 160mln. Being said, the projects are expected to be finished by 2020.
State Food and Grain Corporation of Ukraine to invest USD 500mln in modernization
State Food and Grain Corporation of Ukraine (SFGC Ukraine) plans to make the investments with a help of China National Complete Engineering Corporation (CCEC)
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