News

2016 December 19 11:17

New resident of Free Port of Vladivostok is Vostochny Port with its investment project on construction of coal terminal’s Phase III (photo)

The list of the Free Port of Vladivostok residents now includes Vostochny Port JSC (part of the holding run by Port Management Company LLC) with its investment project on construction of coal terminal’s Phase III in the Nakhodka municipality, says press center of the stevedoring company.

Phase III is an expansion of the existing coal transshipment facility of Vostochny Port JSC. It is a fully automated terminal for transshipment of coal from rail to seaborne transport and providing coal storage and treatment services.

Under the agreement with Far East Development Corporation, investments into the project will make RUB 17.2 bln. The project is expected to generate 619 jobs. Design capacity of the coal terminal’s Phase III is 16.5 mln t per year. The project is targeted at expansion of Vostochny Port’s annual capacity to 39 mln t.

“The project provides for the development of transport infrastructure adjacent to the port through construction of two railway yards, a public and a non-public one. This will let increase throughput capacity of the Nakhodka-Vostochnaya station. We will later sign a public yard off to a state company, Russian Railways OJSC, says natoly Lazarev, Managing Director of JSC Vostochny Port. – Preferences obtained by our company as a resident of FPV will let us allocate more resources for the company development to strengthen the position of Vostochny Port JSC as the largest stevedore of the Russian Federation in the international market. It will certainly be a perfect contribution to reinforcing the best practices of cooperation between the businesses of Russia’s Far East with their partners from the Asia-Pacific Region.”

Under the project the investor is going to build storage facilities for 800,000 t of coal, outfit the terminal with specialized equipment (stackers, reclaimers, conveyors, wagon dumpers, etc.) for handling coal produced by global leaders.

As the largest stevedoring company of Russia involved in transshipment of coal Vostochny Port pays special attention to its environment policy. The new project complies with all the ecological standards and regulations.

“Logistics and port businesses have a huge potential in the Far East. With the special economic regimes of PDA and FPV investors obtain instruments and preferences for more efficient implementation of their projects. Among the important activities is the construction of new cutting-edge coal terminals allowing for building up Russia’s coal exports to APR countries. Today we have signed an agreement with Vostochny Port. It is essential that construction of new port facilities will have a positive impact on the development of coal production business. The industry will get more jobs and see a good economic and budget effect,” said Denis Tikhonov, Director General of the Far East Development Corporation.

It should be noted that since the Federal Law on FPV came into the effect, Far East Development Corporation received 51 applications for total investment of RUB 179.2 bln into the mentioned sector. The list of residents numbers 26 companies that are going to invest RUB 120.2 and generate 16,146 jobs.

The number of PDA applications in logistics and port sector - 21 investment projects for RUB 40.9 bln supposed to generate more than 3,000 jobs. The list of residents numbers 11 companies with total investments to exceed RUB 16 bln and employment to be provided to more than 1,000 persons.

Since the signing of the Federal Law on FPV, Far East Development Corporation has received 208 applications from potential residents with their investment projects totaling RUB 260 bln. As of today, the list of residents numbers 109 companies with the scope of investments estimated at RUB 152.8 bln. 21,172 jobs are to be generated under those projects.

Vostochny Port JSC (Primorsky Territory) is Russia’s largest publicly available terminal equipped with wagon dumpers, conveyor systems, ship loading equipment and a unique multilevel system of magnetic separation. The terminal exports coal produced by different coal companies of Russia.

In 2015 the port handled 22.8 mln t of coal, one fifth of all coal exports via Russian seaports and about 32% of coal transshipment via the ports of Russia’s Far East Basin.

Vostochny Port JSC LLC is implementing an ambitious investment project on construction of the coal terminal’s Phase 3 including the construction of the federal railway infrastructure. New terminal facilities will be put into operation in 2017 allowing for port capacity to reach 39 mln t in 2019. The coal will be delivered from Kuzbass and other coal fields of Russia.

A sole executive body of Vostochny Port JSC is Port Management Company LLC.

Far East Development Corporation was defined by RF Government as a company to manage Priority Socio-Economic Development Areas (PDAs) and the Free Port of Vladivostok, to develop infrastructure facilities of PDAs, ensure their functioning and serve as a ‘one stop shop’ for PDA residents.