| Code: 57929 |

TIN news:         Yuzhny seaport (Odesa region) has assessed the total plan of capital investment for 2015-2019 under the investment program for medium-term outlook as being worth $500 million, the port’s press service has reported.
The press service said that Head of Yuzhny Port Oleksandr Lahosha gave this information to a delegation of representatives of the commercial office of the U.S. Embassy to Ukraine headed by Senior Commercial Officer James Lindley and the American Chamber of Commerce in Ukraine headed by President Andy Hunder during their visit to the port.
Lahosha said that in the past year the efforts of Yuzhny seaport have been aimed at supporting existing facilities and increasing the operating effectiveness for loading and unloading or ships with a carrying capacity of 175,000-200,000 tonnes.
He said that the top priorities in the development of the port are the modernization of berths for loading and unloading, an increase in the number of handling facilities, and boosting cargo handling volume and development of port infrastructure. However, the implementation of this investment program is impossible without raising the funds of private investors.
In turn, Hunder said that he is ready to promote the establishment of mutually beneficial contacts with U.S. private businesses and raising foreign capital.
Yuzhny port was founded in 1978. It is located on the Adzhalyk firth and is the deepest harbor in Ukraine. The length of its berths is around 2.6 kilometers. The port has six handling terminals.
Sea terminals in various forms of ownership operate at the port: Pivdenny oil terminal, Transbunker-Yug LLC’s fuel handling terminal, a terminal of Transinvestservice LLC, a grain handling terminal of Borivage LLC, and a tropic oil handling and processing complex of Delta Wilmar CIS LLC

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