MYKOLAIV, OCTOBER, 21st, 2009, CONTEXT-PRICHERNOMORIE — Nibulon LTD has constructed a new grain terminal in Vittovo, Chyhyryn Raion, Cherkasy Oblast, Context-Prichernomorie reports.

The agency was informed about it today 21 October at the press-service of Nibulon.

According to the information provided, among the participants of the festive opening were President of Ukraine Viktor Yushchenko, Minister of Agrarian Policy Yrii Melnyk, First deputy Chief of the Presidential Secretariat Yurii Yekhanurov, Governor of Cherkasy Oblast Aleksander Cherevko, Head of Cherkasy Oblast Council Volodymyr Gres, Governor of Poltava Oblast Valery Asadchev, President of Ukrainian Agrarian Federation Leonid Kazachenko.

The modern high-tech terminal is located on the coast of the Kremenchug Water Reserve on the area of 15 ha and has been constructed within two-month’ period. Over 1 thousand builders were involved in the construction works. The project’s value exceeded 105 million UAH.

General Director of the Nibulon Company Oleksii Vadaturskyi stated over 10 thousand people were involved in the construction of transshipment terminals and vessels for Nibulon, in the crisis period. He stated the project would foster the company’s income increase by over have a milliard US dollars.