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Europolex by October to start construction of wholesale farm market worth $70 m near Kherson
09 September 2011
Europolex (Kyiv region) plans in late September to start the construction of a wholesale agricultural market on 112.5 hectares near the village of Antonivka, 3-4 kilometers from Kherson, the cost of which is estimated at $60-70 million.

"The cost of a wholesale agricultural market is about $1 million per hectare. The total investment is about $60-70 million," the first deputy director general of the company, Dmytro Melnyk, said at a press conference in Kyiv on Monday.

Melnyk said that currently documents for a land plot for construction are being formalized. When the process is finished, the company plans to start construction.

Melnyk said that the partners of Europolex in the project would be Oxygene Group (Spain), part of Lone Star International LLC (the United States), which, in turn, is part of Duran Group.

At the same time, Melnyk said that, taking into account a land plot area of 112.5 hectares and a $1 million investment per hectare, Oxygene Group announced its readiness to invest $100 million in the project. However, the company voiced a figure of $70 million, as the land plot could be only partially developed.

Source: Interfax Ukraine



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