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In Primorye in July, the construction of a coal terminal
The Siberian Business Union (SDS) holding expects to begin construction of a coal terminal in the Sukhodol Bay in Primorye in July 2014. The project is being implemented on a parity basis with Gennady Timchenko's Volga Group.
As noted by the President of the VTS, Mikhail Fedyaev, at a meeting with journalists on Friday, over the next 2-2,5 years, it is planned to launch the first phase of 6 million tons.
According to him, the project cost is estimated at 18 billion rubles, including 10 billion rubles in the first stage.
Gennady Timchenko's Volga Group investment group acquired 50% of shares in Sukhodol Sea Port LLC from HC SDS CJSC for the joint construction of a coal terminal in Sukhodol Bay. Another 50% remained with HC SDS. The terminal is intended for exporting coal to countries Asia-Pacific region: South Korea, India, China, Japan.