Nibulon agricultural enterprise (Mykolaiv), one of the largest producers and exporters of grains and oilseeds in Ukraine, will invest UAH 450 million in building a transshipment terminal in the village of Buzske (Mykolaiv region).

According to a report on the company's website, preparation work has started at the construction site.

The newly constructed complex, situated on a plot of 12.5 hectares, will have the following characteristics: a grain storage capacity of 76,000 tonnes, a daily dryer capacity of 4,000 tonnes, and will have a daily shipment capacity on water transport of12,000 tonnes.

The terminal is set to start operating on June 1, 2016.

Nibulon noted that the network of river transshipment terminals on the Pivdenny Buh River will allow the company to annually carry up to 1 million tonnes of cargo by river and remove up to 50,000 trucks from roads in Mykolaiv region.

As reported, Nibulon intends to build an elevator worth $15 million with a turnover of up to 200,000 tonnes of grain a year near Uman in Cherkasy region.