Russia Metals and Mining, Korea Western Power

Cost of coal port Vera in the Far East may be $1 billion

The cost of the construction of the coal port Vera in the Far East to the investors will be around $1 billion, Rostekh - Global Resources’s general directors, Andrei Korobov said in an interview with the IATR-TASS. Rostekh, being initiator of the project and key partner, counts on the financial support from the state, including through the National Welfare Fund (NWF).
"The cost of the port, including all works related to the construction of moorings and port railways, is estimated at $1 billion; approximately half of the funds is required for the construction of roads and railways. We have technical specifications of Russian Railways for 20 million tons (planned capacity of the port), and these technical specifications are within the development of the railways, both in the region and along the entire length of the Baikal-Amur Mainline and Trans-Siberian Railway. We fit in the total picture of freight flows,"- said Korobov.

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Korea to transship Russian coal

KOWEPO might construct a terminal in Primorie

A new large project of the coal terminal with the capacity of 20 mln tons a year has been announced in Primorie. KOWEPO (Korea) wants to be an investor, which has earlier announced of its investment plans into the Russian energy sector. “Rosenginnering” group (Russia) will be its partner. The majority of the rest planned terminals in the Far East will be captive, and the idea of the coal port of “equal access” is supported by the Government of Russia. Analysts doubt KOWEPO will manage to occupy this layer. Read more »

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