SBU sold its share in Commercial Seaport Lavna LLC
In the second quarter of 2013, Joint Stock Holding Company “Siberian Business Union” (SBU) completed the sale of its 50-pct share in Commercial Seaport Lavna LLC (Murmansk region) and left the project, IAA PortNews learnt from SBU representative Aleksandr Varennya, who has not disclosed the name of the buyer.
Coal terminal Lavna (15 mln t in capacity) is being built on the western coast of the Kola Bay under the project on comprehensive development of Murmansk Transportation Hub. Within the framework of the first phase, the project implies the development of transport infrastructure on the western coast of the Kola Bay. In particular, the state budget will participate in financing of the railway infrastructure linking Vykhodnoy station with Lavna station (46 km of length and some 28 mln t of annual capacity). Besides, there is a plan for dredging works (4.5 mln cubic meters), creation of vessel traffic control system facilities, fleet base and engineering infrastructure facilities. Private allocations are to cover the construction of coal and oil terminals.
Joint Stock Holding Company “Siberian Business Union” (subdivision of SBU-Coal) is one of Russia’s largest coal exporters. Some 70% of products are supplied to the CIS and foreign states.
