You're reading: Yuzhny port to invest Hr 770 million in development of coal and iron ore terminal

Yuzhny seaport (Odesa region) plans in 2017 to launch a project to develop a terminal for transshipment of imported coal for energy and coking and increase the volume of iron ore transshipment.

According to the press service of the port, with reference to its acting director Vitaliy Zhukovsky, the largest load of the enterprise (93 percent) is provided by SCM Group’s cargo – exported iron ore and imported coking coal, supplied from the Metinvest coal mines located in the United States.

Within the framework of the project it is planned to build a complex of wagon dumpers with defrosting devices for winter operation, new belt conveyors, stackers and ship loaders. It is expected that this year more than Hr 770 million will be invested.

“The development of the company is aimed at supporting the policy of the Ministry of Infrastructure for the participation of top port operators in the work of Ukrainian ports. Therefore, my actions as the head of the state enterprise are focused on attracting the global operator to implementing a joint project to modernize the technology and increase transshipment volumes. I hope this will happen soon, and the project of the terminal will be very interesting for them,” Zhukovsky noted.