MYKOLAIV, JUNE, 27th, 2009, CONTEXT-PRICHERNOMORIE – A number of investment projects will be realized in Mykolaiv Merchant Sea Port, Context-Prichernomorie correspondent reports.

Mr. Vasiliy Kapatsyna, Head of Mykolaiv Merchant Sea Port reported it yesterday, 26 June at his press-conference.

According to Mr. Kapatsyna, under the Mykolaiv Merchant Sea Port Development Programme 2009-2012 approved by the Cabinet 5 June the production capacity of the oil operations complex (berth No 14) operating in the port since 2006 will be improved. This will be done at the expense of building two oil-loading terminals.

A reloading complex for bulk and general cargoes is planned to be built on berths No 1 and 2. The investor of that will be the Danube Shipping Stevedoring Company.

A complex for operations with vegetable oil is to appear (in Berth No 3 area) invested by Inteltrade (the complex’s annual capacity is 300 thousand tons).

Near berth No 8 the company is planning to create a general cargo complex and at the rare end of berths No 13 and 14 – a complex for operations with exported cargoes.

Another prospective project is re-organization of the third loading ground for operations with grain. The complex’s capacity will make 1 million tons, and commissioning is planned for the beginning of the new harvest campaign.

Realization of the Port Development Programme presupposes building, construction, and reformation of the port’s operation within a five-year period, thus validating the capital investments amounting 217 million 400 thousand USD. As the result of this annual pure income volume will increase as compared with 2008 reaching 52 million in 2015. Annual budget payments will go up 1,5 times making 60 million UAH in 2015. Over 500 jobs will be created.