Independent journal on economy and transport policy
14:06 GMT+2
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Summa and United Grain Company will realize a terminal for the granaglie in the port of Vostochny
It will be completed in 2014
December 1, 2011
Dalport, branch of the Russian group Summa, and the compatriot United Grain Company (UGC) have undersigned an agreement in order to construct a terminal for the traffic of granaglie in the port of Vostochny. The previewed investment piles to five billions of rubles (162 million dollars). The new system will per year have an ability to five million tons in export and means million tons in import.
The understanding previews the constitution of joint venture that the next year will start the construction of the terminal in order to complete it in 2014.
Summa has emphasized as all the forecasts indicate that the grain question will grow in next the 40 years and as the Russian is one of the little nations that the potential one has to increase the production and the export of granaglie. The production of wheat of Siberia - it has explained the group - anticipates a advanced increase regarding the local question and, second the esteem, the productive surplus is of about five million tons per year. For their exports - it has observed Summa - Siberian producers mainly have an access limited to the ports of the basin of the Sea Black because the ability to traffic of granaglie of these ports of call is taken advantage of by the producers of southern Russia and Volga and because the grain transport for railway way is expensive. Summa therefore has evidenced that the construction of a terminal of export in Far East will give to the producers Siberian the opportunity to expand their activity ulteriorly.
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