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India’s Tata may build coal terminal in Kamchatka

April 21, 18:51 UTC+3
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MURMANSK, April 21. /TASS/. Indian company Tata is considering the possibility of building a terminal for transshipment of coal in Kamchatka, Russia’s Far East, Transport Minister Maxim Sokolov said at a meeting with Prime Minister Dmitry Medvedev.

They were discussing the development of large infrastructure projects in Russia’s North.

"Foreign partners are interested in making investments in development of the port infrastructure of (Russia’s) North. In particular Indian company Tata is considering the possibility of building a terminal for coal transshipment in Kamchatka. Foreign investors, including our Chinese partners, also would like to participate in projects here in Murmansk (Russia’s Arctic region)," the minister said.

At present, foreign capital in the terminals of Russian ports is represented only by Denmark’s Maersk Group (one of the shareholders of Global Ports, the leading operator of container terminals on the Russia market).

Global Ports operates five container terminals in Russia - Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dick in the port of St. Petersburg and Ust-Luga Port Cluster, as well as two container terminals in Finland (terminals Multi-Link Helsinki and Multi-Link Kotka).

The group also holds 75% in the Yanino logistics park and 100% in the logistics terminal near St. Petersburg, as well as 50% in the oil terminal AS Vopak E.O.S. in Estonia.

Tata is an international multidisciplinary group headquartered in India, comprising more than 100 independent companies. The group operates in more than 100 countries around the world. The key assets of the group include Tata Steel, Tata Motors, Tata Power, Tata Chemicals and others.

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