Ukrainian investment company UMG Investments is planning to build a grain export terminal at the Black Sea port of Pivdennyi near Odessa, World Grain reported on 16 April.

The grain export terminal will have an annual capacity of 9M tonnes, according to the report.

“Capital investment in this project will amount to more than US$150M, and we plan to build it in two to three years,” UMG Investments investment director Nadiya Kaznacheyeva wrote in a 14 April Facebook posting.

Kaznacheyeva was part of a “Focus on Ports” panel discussion held on 13 April as part of the Ukrainian Transport Infrastructure Week.

On its website, UMG Investments said it started and developed businesses with a focus on commodity goods and services, mining and recycling solutions.

Ukraine is one of the world’s leading grain exporters and plans to ship more than 45M tonnes of grain in the 2020/21 July-June season, according to Reuters.