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Port Vera Coal Terminal

Sector: Water Supply and Storage • Location: Russian Federation

Source: World Bank Group

Project
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The project entails the development and construction of the coal sea terminal Port Vera near Cape Otkytiy in Primorsky region of Russia. It is designed for vessels of 40 - 150 tonnes. The overall port capacity is anticipated at 20 million tonnes per annum. It is set to cover an area of 826 hectare. Shareholders in the project are RT - Global Resources with 25% +1 (state - controlled), and private

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The project “Port Vera Coal Terminal” is an infrastructure initiative in the Water Supply and Storage sector, located in Russian Federation. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the development and construction of the coal sea terminal Port Vera near Cape Otkytiy in Primorsky region of Russia. It is designed for vessels of 40 - 150 tonnes. The overall port capacity is anticipated at 20 million tonnes per annum. It is set to cover an area of 826 hectare. Shareholders in the project are RT - Global Resources with 25% +1 (state - controlled), and private investors with 75% -1. The Chinese company Shenhua has been reported to be equity investor in the project. The terminal will be built in two stages with the first one to be commissioned in 2018, and second one in 2019. Project is estimated to require a $664 million in investment. Financial details are not currently available. Construction of the terminal began on May 17th, 2017. http://www.rtgr.ru/en/news/Vera-Port-received-a-positive-finding-of-the-state-examination/ https://ijglobal.com/data/transaction/31373/port-vera-coal-terminal http://www.rt-rb.ru/en/projects/syrevye-proekty/infrastructure-projects/construction-of-the-port-vera-marine-coal-termina/

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