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Eastern Economic Forum

Russian Direct Investment Fund considers investing in coal terminal in Vostochny Port

Projected capacity of the coal terminal will amount up to 20 mln tonnes per year

© ITAR-TASS/lexander Petrov

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Putin suggests expanding free port preferences to other Russian Far East ports

VLADIVOSTOK, September 4. /TASS/. The Russian Direct Investment Fund (RDIF) is considering investing in the construction of a coal terminal Sever in Vostochny Port (Primorsky region), according to the press service of the Russian Direct Investment Fund.

"The project is being implemented by Primorneftegazprom, controlled by the group Summa. Under the existing agreements, the Fund will also help attracting leading international investors to the project. The corresponding agreement will be signed at the Eastern Economic Forum in Vladivostok," the press-service said.

Projected capacity of the coal terminal will amount up to 20 mln tonnes per year. It will specialize in shiftment of the Russian coal for export to the Asia-Pacific region. The first phase of the terminal with a capacity of 7 mln tonnes per year is scheduled to launch in 2018.

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