Russia: Volga Group Invests in New Sukhodol Bay Terminal

Volga Group, Gennady Timchenko’s investment vehicle, has acquired a 50% stake in Sukhodol LLC, a company which is constructing a new bulk terminal in Sukhodol Bay, in the Primorsky region in Russia’s Far East.

Once completed the terminal is expected to have a capacity of 20 million tons per year. The project will be implemented with the SDS Holding Company.

The bulk terminal will be used for coal exports to Russia’s Asian-Pacific markets, such as Korea, India, China and Japan. Construction of the first stage is scheduled to be completed by 2016. Construction of stages 2 and 3 is scheduled to take place 2019-2021.

“Construction of the bulk terminal in the Primorsky region will significantly enhance Volga Group’s position in the logistics and infrastructure sector with a new export route,” said Chlodwig Reuter, Chairman of Volga Group’s Board of Directors.

Press Release, February 26, 2014

Share this article

Follow Dredging Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event 2020

The Navingo Career Event is Europe’s biggest career event for the maritime,…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply