Stage 1 construction of 12m-tonne coal terminal in Russia complete
Construction of the first stage of the coal terminal in the seaport of Vanino, in the Muchke Bay of the Khabarovsk region of Russia, has been completed. The transport and transshipment complex for coal handling has a capacity of 12 million tonnes.
VTB acted as the main lender and organizer of the transaction, with financial support from Russian DFI VEB.RF under the Project Finance Factory mechanism.
The launch of the terminal is important not only for solving the issues of transportation of Yakut coal by the company Kolmar, but also for reaching state objectives to reduce the deficit of port capacities in the far Eastern basin and expand the share of Russian coal exports to countries in the Asia-Pacific region.
The complex is part of a large-scale investment project and includes a sea terminal, railway station, infrastructure facilities and social facilities.
