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

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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