Belgorod oil and fat producer Efko intends to build a grain storage and additional grain transshipment decks in Taman port in Krasnodar region, Kommersant reports.

Investment in the project has yet to be disclosed but is estimated be experts at up to $165m.

The storage’s projected capacity is 240,000 tons of grain.

Construction is scheduled to begin in 2010, further timeframes for the project have yet to be announced.