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Four companies to help develop Yuzhny port infrastructure

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July 27, 2012, 1 p.m. | Business — by Interfax-Ukraine

Four large companies are intending to cooperate with Yuzhny maritime merchant port (Odesa region) to develop its infrastructure, port head Oleksandr Lahosha said at a press conference on Friday.
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ODESA — Four large companies are intending to cooperate with Yuzhny maritime merchant port (Odesa region) to develop its infrastructure, port head Oleksandr Lahosha said at a press conference on Friday.

Among these investors are Portinvest, Delta-Wilmar and Transinvestservice.

According to Lahosha, in particular, Portinvest intends to invest $250 million in the construction of a universal handling complex, Delta-Wilmar plans to expand its capacity for processing palm oil by 500,000 tonnes per year, and Transinvestservice is to expand its container and grain terminals.

Another company, not named by Lahosha, has offered to rebuild the sunflower oil plant at the port.

If the port signs contracts with investors, it is ready to build berths and perform dredging work. The port by the end of the year will start dredging approach channels to a depth of 21 meters.

According to the port chief, currently the issue of getting permits for construction is being formalized.

Lahosha also stressed that investors will be able to most effectively work at the port after the law on seaports comes into force.

"The law will allow the industry to develop," he said.

He also said that the port is operating at 20% overcapacity.

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