STLC and MERCURIA sign agreement under project on construction of coal terminal ‘Lavna’ (photo)
On 2 June 2017, as part of Saint Petersburg International Economic Forum (SPIEF), State Transport Leasing Company (STLC) and MERCURIA Energy Trading S.A. signed an agreement on cooperation under the project on construction of coal terminal ‘Lavna’ in the Murmansk Region.
STLC says the document was signed by Sergei Khramagin, Director General, STLC, and Simon Goslar, Managing Director, Coal & Iron Ore, Mercuria Energy Trading S.A., in the presence of RF Transport Minister Maxim Sokolov.
The project on comprehensive development of Murmansk Transport Hub complies with the Transport Strategy of the Russian Federation till 2030 and is included into the Federal Targeted Programme “Development of Russia’s Transport System in 2010-2020”.
The project is being implemented through private-public partnership. Non-budgetary funding is supposed to cover the construction of new port facilities on the western shore of the Kola Bay, first of all, a dedicated coal terminal ‘Lavna’ with annual capacity of 18 mln t and a non-public railway line from the Lavna station to the coal transshipment facility. Investor of the coal terminal is Commercial Sea Port ‘Lavna’ LLC with STLC as a beneficiary.
RF Transport Minister Maxim Sokolov commented: “The construction of ‘Lavna’ coal terminal will strengthen the position of the Russian Federation in the Baltic and the Arctic basins and will ensure healthy competition in the market of coal transshipment. We are glad to know this ambitious project is interesting for such global players as MERCURIA and we will provide comprehensive support to the development of ‘Lavna’ facilities on the state level”.
Sergei Khramagin, STLC Director General, said: “Involvement of MERCURIA, a globally renowned raw commodity trader, shows that the project is attractive for investments. Together with our partner we are optimistic about the future of ‘Lavna’ project”.
State Transport Leasing Company (STLC) is one of the leading companies in the Russian leasing market, a diversified leasing company being one of the top 5 leasing companies by volume of the leasing portfolio, an industry leader in the aircraft and water transport leasing sectors. STLC is an implementation tool of the state policy of control and development of the Russian transport industry. The sole shareholder of the company is the Russian Federation represented by the Ministry of Transport. As of 31 December 2016, IFRS assets of STLC exceeded RUB 232 bln.
