Russia: Government Quits MTN Management Company Plans

The Russian government drops plans to implement the “Murmansk Transportation Node” project through the creation of a management company, under the Murmansk Transportation Node name, reports portnews.

The project, which is funded through the federal budget, is underway.

Initially, the Murmansk transportation node was projected to handle the commodities such as coal, crude oil, petroleum products and containers.

To handle the loads the project included the construction of a coal and liquid bulk terminals. Experts doubt the MTN would be able to attract enough volume of containers since the Baltic Sea has had large container facilities in the Baltic Basin.

The project includes construction of a support fleet base on the West coast of the Kola Bay and Murmansk port dredging.

Dredging Today Staff, November 30, 2012