20 Mar 2023 19:04

Investments in Tatarstan logistics hub for trade with China to reach 30 bln rubles

KAZAN. March 20 (Interfax) - The project for the construction of the Deng Xiaoping logistics complex which is focused on trade with China, is expected to attract investments worth 30 billion rubles, the press service of the Alabuga Special Economic Zone told Interfax.

"At the first stage, 20 billion rubles of investment is planned, at the second, 10 billion rubles. The first stage of the project is planned for completion in the second quarter of 2024, the second stage, in 2025," the representative said.

The construction project of the logistics center was approved by the Investment Council of Tatarstan on Monday.

The Alabuga SEZ began preparatory work on the site of the future logistics center in March, leveling and flattening the land at the site. The complex will serve the trade in petrochemical products with China and the supply of components for cars and household appliances.

Earlier it was reported that the Deng Xiaoping logistics complex would be built as part of the Ethylene 600 industrial park, which is an Alabuga SEZ project, between the cities of Nizhnekamsk and Naberezhnye Chelny in the immediate vicinity of the M7 Volga federal highway and the Begishevo airport owned by KAMAZ . Plans are to equip it with a container platform 1 km long, which will allow loading and unloading operations with container trains without additional shunting operations. To connect the logistics complex with the Russian Railways infrastructure, Alabuga will lay 16 km of railway tracks to the Krugloye Pole and Nikashnovka stations in the Tukaevsky district of the republic.

In August 2022, at the Tatarstan Petrochemical Forum, Nizhnekamskneftekhim , part of Sibur, agreed with the Alabuga SEZ to set up production in the Ethylene 600 industrial park over an area of about 2,000 hectares. NKNK's projects will become anchors for the park. With the combined investments from SIbur, the costs of the Alabuga SEZ for infrastructure and third-party capital, the total investment in the industrial park is estimated to come out at 1.3 trillion rubles.

The Alabuga SEZ's investments in the infrastructure of the industrial park should amount to 140 billion rubles.