KYIV, UKRAINE — UMG Investments, a Ukrainian investment company that establishes and develops businesses with high growth potential, has begun a project to build a grain export terminal at the Black Sea port of Pivdennyi near Odessa with annual capacity of 9 million tonnes.

“Capital investment in this project will amount to more than $150 million, and we plan to build it in two to three years,” Nadiya Kaznacheyeva, investment director of UMG Investments, noted in an April 14 Facebook posting.

Kaznacheyeva was part of a “Focus on Ports” panel discussion held April 13 as part of the Ukrainian Transport Infrastructure Week.

According to Reuters, Ukraine is among the world’s biggest grain exporters and plans to ship more than 45 million tonnes of grain in the 2020-21 July-June season.