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VTB expanded the credit limit of Terminal Astafieva JSC

VTB expanded the credit limit of Terminal Astafieva JSC
VTB increased the credit limit of Terminal Astafiev JSC from 2,2 billion to 3,6 billion rubles. Within the extended limit, the parties signed several new loan agreements. Funding will be used to complete the construction of a closed bulk cargo transshipment complex in the town of Nakhodka, Primorsky Krai.

The international investment project was launched in 2018 as part of the instruction of the President of the Russian Federation on the transition to environmentally friendly technologies for transshipment of bulk cargo. The companies Gaptek (Spain), Marubeni (Japan) and Schade (Germany) are involved in its implementation, the modernization of the railway infrastructure is carried out jointly with JSC Russian Railways. VTB and Terminal Astafieva JSC signed a cooperation agreement within the framework of the project in 2018 at the Eastern Economic Forum. The construction of the complex will be completed in 2021.

“Supporting infrastructure projects in the leading sectors of the country's economy is a strategic direction of VTB's work. Investment financing enables regional companies to pursue long-term modernization plans. The construction of a covered bulk cargo terminal in Nakhodka will be a breakthrough in the development of the domestic sphere of coal transshipment technologies. We support this project, which is important for the socio-economic development and ecology of the Primorsky Territory, from the very beginning of its implementation. I am confident that with the financial participation of VTB, our long-term partner, Terminal Astafyev, will successfully complete its final stage as scheduled, ”said Ruslan Eremenko, Head of the Regional Corporate Business Department - Senior Vice President of VTB Bank.

“VTB is our key financial partner in the big work on the construction of a covered bulk cargo terminal. Now we are implementing the fourth stage of the modernization program - the construction of a completely enclosed canopy over the unloading area of ​​the railway front. The commissioning of this design, unique for Russian ports, will be the final step in the transition of the enterprise to closed transshipment, ”emphasized Ruslan Kondratov, General Director of Terminal Astafieva JSC.

In January 2021, Astafyev Terminal signed a Green Declaration with the Green Patrol public environmental organization, which provides independent experts access to the port's production site, as well as assistance in conducting expert assessments of the project's implementation.
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