MIDDLE EAST

Russian coal terminal construction

13 years ago

Russia’s Volga Group has acquired a 50% stake in Sukhodol LLC – the company which is constructing the new bulk terminal at Sukhodol Bay in Russia’s Primorsk territory.

Coal supplies in Russia’s far east are under intense development at present

The group said that when completed, the terminal should have a capacity of 20 million tonnes per year and it will be used for coal exports to Russia’s Asia-Pacific markets, including China, India, Korea and Japan.

Chlodwig Reuter, chairman of Volga Group’s board of directors, said: “Construction of the bulk terminal in the Primorsk region will significantly enhance Volga Group’s position in the logistics and infrastructure sector.”

According to some sources, the new terminal could also help contribute to solving the problem of insufficient port capacity – an urgent issue for Russian coal producers.

Meanwhile, the Primorsk Territory Government has said that the new port will also generate 700 jobs and facilitate the development of social infrastructure.

Volga said that construction of the first stage of the terminal is scheduled to be completed by 2016. The second and third stages are scheduled to take place between 2019 and 2021.

The project is being implemented in partnership with the SDS Holding Company.

Coal supplies in Russia’s far east are under intense development at present and exports are booming. The ports in the area are said to account for some 40% of all coal exports nationwide.