Construction of the terminal is expected to take shape in three stages, with the first stage expected to be finished by 2020, according to UkrAgroConsult. Once the initial stage is complete, United Grain Co. will build the first start-up complex with the capacity of up to 3 million tonnes of grain a year, including a berth capable of receiving Panama? and Post Panama? vessels and a silo park. The facility construction is expected to begin in 2018, and about $290 million will be invested in the buildout, according to UkrAgroConsult.
The second stage will be completed by 2023, according to UkrAgroConsult, and will include the expansion of grain storage spaces to 10 million tonnes. Additionally, more berths and other facilities will be constructed.
The third stage will be kicked off after 2023 and will lead to further expansion of handling volumes, according to UkrAgroConsult.
To implement the project, United Grain Co. has registered a company called Far Eastern Grain Terminal. Earlier this year, United Grain awarded a contract to United Wagon Co. for the supply of 1,500 grain hopper wagons as part of a plan to establish an 8,5000-wagon fleet. The grain hopper wagons are expected to be deployed in the area of the new grain terminal.