Tuesday, June 30, 2015

French corporation intends to invest $100 million in Ilyicheovsk seaport

Representatives of the Ilyicheovsk commercial seaport and the agro-industrial corporation SouffletNegoce S.A. of France have initialed the memorandum of intent to implement the investment project of building a grain storage terminal. The project is estimated at from $70 million to $100 million.

The terminal will have a capacity to handle up to one million tons of grain.

Overall, the Ilyicheovsk port has allotted 12 plots to prospective investors for a lease. The main purpose of the lease is to attract investments to the total amount of $1 billion and increase a cargo turnover to 35 million tons per year.

Incidentally, the news and investor relations agency Ukrainian Times is ready to help investors find promising partners in any industry in Ukraine. In particular, the country has viable investment projects in the sphere of high technologies, nanotechnologies and the pharmaceutical industry.

To give an order for a search for a partner, email ukrtimes@yandex.ru.

The agency has been established on the basis of the English-language business publication Ukrainian Times, which was founded by Vladimir V. Sytin and Svetlana Sytina in Kiev in 1993.

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