Summa planning to build port in Hunchun with capacity of 40 mln tonnes per year - papers
MOSCOW. Oct 13 (Interfax) - The Summa Group is planning to build a so-called dry port in Hunchun, which is in China's Jilin province, to process 40 million tonnes of cargo not meant to be shipped by sea, Russian newspapers Vedomosti and Kommersant reported group representatives as saying.
Summa, which is owned by the Magomedov brothers, will sign an agreement with Jilin representatives to create a logistics center on Monday, October 13, during Chinese Premier Li Keqiang's visit to Russia, a source familiar with the premier's plans said. A Summa representative confirmed this.
It is planned that Jilin province will rent out a 310 hectare piece of land to Summa for 50 years to build the port. Investments in the logistics center will total $300-$350 million. The center will be a satellite of the large Port of Zubrino, which Summa is building in Primorye territory close to the Russian-Chinese border. Capacity of Zubrino's first phase is 60 million tonnes, and transshipment is planned to reach 100 million tonnes in the future. Overall investments are $2.6-$3 billion. The dry port will focus on auxiliary operations, such as sorting and customs clearance, which will raise logistical efficiency.