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Volga Group acquires stake in coal terminal

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World Coal,

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

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