Investment in dry-goods area of Taman port could top 80 bln rubles
SOCHI. Sept 19 (Interfax) - Russian Transport Minister Igor Levitin, Krasnodar Territory Governor Alexander Tkachev and a number of top executives from investing companies signed a letter of intent on Friday for a project to build a dry-goods area at the Taman seaport on the Sea of Azov.
The agreement was signed in the presence of Prime Minister Vladimir Putin.
The signatories to the agreement included EuroChem Mineral and Chemical Company general director Dmitry Strezhnev, Metalloinvest Management Company chief executive Eduard Potapov, United Grain Company general director Sergei Levin, Siberian Coal and Energy Company head Vladimir Rashevsky, Global Ports Investments managing director Alexander Iodchin and Transport Assets Management chief executive Oleg Bukin.
Under a Russian government resolution, financing for the project will total 82.665 billion rubles, including 32.106 billion rubles from off-budget sources.
The potential cargo market for the Taman port dry-goods area will be about 79 million tonnes by the time the first phase is launched.
The Taman port increased cargo transfer by 130% year-on-year to 141,400 tonnes in the first half of 2011, and it handled ten ships, 150% more than a year earlier.