Lemtrans has acquired a 70% stake of Mostyska Dry Port LLC and intends to create a railway logistics hub on its basis.
The project of a universal terminal will be implemented on the territory of a former oil depot near the railway station Mostyska-2 (Lviv region), several kilometres from the border of Ukraine and Poland.
After the construction is completed, carriers and shippers will have the opportunity for rapid transshipment of containers from rail cars of gauge 1520 to gauge 1435 and vice versa. In the future, this will allow the terminal Mostyska to become a major transport hub between the Ukraine & Asia regions and the European terminal network, as well as attract additional transit to Ukraine from China.
“The acquisition of the MDP stake will expand Lemtrans capabilities. The logistics hub in Mostyska will organically fit into business structure of our company, complementing it. We are sure that such project can be an impetus for the development of the whole Ukrainian rail freight transportation industry,” explained Lemtrans CEO Volodymyr Mezentsev.
Total investments in the project will exceed $15 million.
After its completion, the region will get more than 50 jobs and significantly increase its investment potential.
“No doubt that such a facility can stimulate the development of both the city and the entire region. We will see a significant increase in demand for logistics and warehousing services here when the hub opens. This means additional investments, taxes, and jobs,” concluded Volodymyr Mezentsev.
The hub is expected to receive the first trains for servicing this year.