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Medvedev signs decree to expand Taman port in southern Russia

September 11, 2013, 9:36 UTC+3
Public-private partnership project to ensure export of Russian goods to world markets
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Photo ITAR-TASS/ Valeriy Matytsin

Photo ITAR-TASS/ Valeriy Matytsin

MOSCOW, September 11 (Itar-Tass) - Russian Prime Minister Dmitry Medvedev has signed a decree to expand the seaport of Taman in the Krasnodar Territory, southern Russia.

The port’s capacities will be enlarged through areas in the Tuzla Bay and artificial land plots, which will increase the port’s dry bulk processing capacity to 93.8 million tonnes a year.

The project will be implemented on the principles of public-private partnership to ensure export of Russian goods to world markets over production growth and to shift Russia’s cargo flows from the Black Sea ports of adjacent states such as Ukraine and Turkey to the port of Taman.

At present, potential investors, Russia’s Transport Ministry and Krasnodar territory administration had signed an agreement of intent to implement the project.

The 228 billion rouble project envisages the construction of new cargo handling and warehousing facilities, hydrotechnical structures, public utilities and electric power units, railways and highways.

“The port’s dry bulk area thanks to its geographical location and technological infrastructure will meet demands of Russia’s industry ensuring transport support of its foreign trade activity. The project will create additional jobs in the region,” the government’s sources said.

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