Russian Government signed a decision needed to implement a new investment project at Vanino Port. The project involves the construction of a terminal with a capacity of 24 million tons of coal per year and will be implemented on the basis of public-private partnership.
The terminal will be built in the Muchke Bay near Vanino city and will involve the construction of two berths for coal shipment, a site with a berth with acces to port’s fleet, a bulk cargo and an administrative complex and a railway line.
The PPP project will be implemented by Rosmorport, the national Russian sea transport infrastructure developer, and Yakutia LLC, a Russian transport company.
The total value of the project is RUB 25.5 billion (USD 445.5 million) of which RUB 24.4 billion (USD 426 million) will come from extra-budgetary sources and RUB 1.1 billion (USD 19 million) will be allotted through federal budget.
The project is planned for implementation in 2018-2021.
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