The United States has invested in the grain terminal of the Odesa seaport

A project to rebuild one of Ukraine's largest grain terminals with the support of American investors has been launched at the Odesa Sea Port. The modernization of the facility is expected to expand the region's export opportunities and create new jobs.

This was reported by AgroReview.

A large-scale investment project to restore the grain terminal with the support of American investors has been launched at the Odesa Commercial Sea Port. The Regional Development Agency of Odesa Region has signed a memorandum with Lavanda Terminal, a company created with the participation of American investment funds Argentem Creek Partners and Innovatus Capital.

The project involves the modernization of one of Ukraine's largest grain terminals in the port of Odesa with a throughput capacity of about 5 million tons per year. The rehabilitation of the facility is expected to strengthen the region's transportation logistics, expand export opportunities for the south of the country and increase cargo flows.

The project is expected to create approximately 150 new jobs and attract significant private capital to the development of port infrastructure, which should also provide additional tax revenues to local and state budgets.

The terminal will be managed by Swedish businessman Carl Sturen, who is also the Honorary Consul of Sweden in Odesa. His participation opens up opportunities to introduce modern management standards, transparency and attract international investment.

According to the Regional Development Agency, the launch of the terminal will be a key stage in the development of the region's transportation system.

Lavanda Terminal plans to turn the facility into an internationally recognized complex, integrate the port of Odesa into the global logistics network, and increase the competitiveness of Ukrainian grain on world markets.

In July, according to the Financial Times, the Presidential Administration helped two American funds collect $95 million in debt from Odesa tycoons who owned the terminal and defaulted on their loans. Innovatus Capital Partners and Argentem Creek Partners gained control of the Olimpex terminal in Odesa by falsifying grain data.

Анна Бальчінос