Ukraine: grain market infrastructure development requires over 17 bln USD investments

Source

APK-Inform

1634

To date in terms of the grain production and exports increase, the grain market infrastructure of Ukraine needs improvement and updating, requiring nearly 17.7 bln USD of investments, stated Volodymyr Klymenko, President of the Ukrainian Grain Association, on March 24 during the Ukrainian-American Agrarian Congress in Washington, D.C.

In particular, reconstruction and construction of inland elevators, meeting the modern market requirements with the general capacity of nearly 47.3 mln tonnes, require raising of 8.5 bln USD of investments, said the President of Ukrainian Grain Association.

According to V.Klymenko, the port terminals construction, which is already planned by large-scale trading companies, will require 7 bln USD, which will increase the annual Ukrainian grain shipment capacity by 28 mln tonnes.

Besides, the construction and purchase of grain rail cars is the important issue of infrastructure development. Its shortage would reach nearly 18.8 thsd units in 2020. It will need the rolling stock rehabilitation investments at 1.5 bln USD, declared V.Klymenko.

Advertising

Enter