Vostochny (East) Port, has invested over $15 million in the modernization and replacement of cargo handling equipment. However, the port fails to reach the projected coal volume, mainly because Russian Railways did not confirm the port’s production plans due to technical limitations of road capacity, especially on the road network of the Far Eastern destinations. The coal port’s slowdown entails an increase in payback period for the investment projects, and also reduces the attractiveness of further investments in the development of marine coal terminals.
2010 August 4
Vostochny Port needs more coal
Vostochny (East) Port, has invested over $15 million in the modernization and replacement of cargo handling equipment. However, the port fails to reach the projected coal volume, mainly because Russian Railways did not confirm the port’s production plans due to technical limitations of road capacity, especially on the road network of the Far Eastern destinations. The coal port’s slowdown entails an increase in payback period for the investment projects, and also reduces the attractiveness of further investments in the development of marine coal terminals.