The Volga Group has acquired a 50% stake in Sukhodol LLC, which is constructing a new bulk terminal in Sukhodol Bay in the Primorsky region in Russia's Far East. Once it is completed the terminal is expected to have a capacity of 20 million tpa. The project will be implemented with the SDS Holding Co.
The bulk terminal will be used for coal exports to Russia's Asian-Pacific markets, such as Korea, India, China and Japan. Construction of the first stage is scheduled to be completed by 2016. Construction of stages 2 and 3 is scheduled to take place between 2019 and 2021.
"Construction of the bulk terminal in the Primorsky region will significantly enhance Volga Group's position in the logistics and infrastructure sector with a new export route," commented Chlodwig Reuter, chairman of Volga Group's board of directors.
Adapted from press release by Jonathan Rowland
Read the article online at: https://www.worldcoal.com/handling/12022014/volga_group_acquires_stake_in_russian_coal_terminal_coal500/