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A loan for 4 billion yen to finance the delivery of equipment will be provided to Vostochny Port by Sberbank - EastRussia | Far East

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The loan for 4 billion yen to finance the supply of equipment will provide the "Eastern Port" Sberbank

The credit line in the amount of 4 billion Japanese yen for reimbursement of previously incurred costs will be opened by Vostochny Port JSC (the largest stevedoring company in the port of Vostochny, Primorye Territory) Sberbank of Russia

The loan for 4 billion yen to finance the supply of equipment will provide
According to the documentation on the state procurement site, only Sberbank applied for participation in the corresponding request for proposals. The tender was declared invalid, and the application of Sberbank - the relevant requirements of the auction documentation.

Sberbank's offer corresponds to the initial (maximum) price of the contract in 2,44 billion rubles.

The proposal provides for the rate of 3% per annum, the term of the contract - from July 2016 to July 2019.

The funds are attracted to carry out the current operational activities of the company, as well as to reimburse previously incurred costs as part of financing the contract with the Japanese Marubeni Corporation for the supply of equipment for the third phase of the coal-loading complex under construction.

Earlier it was reported that Marubeni Corporation will supply JSC Vostochny Port with two shiploaders for the third stage of the coal complex, Interfax notes.

To increase the capacity, the stevedore in 2012 began the construction of the third stage of the coal-loading complex. The construction cost will be about 27 billion rubles. Entering the third stage by the 2020 year will double the total freight turnover of the company.

Currently, the annual throughput capacity is over 21 million tons. Commissioning of the third stage is scheduled for January 2017.

The sole owner of JSC "Eastern Port" is Cyprus Starlion Limited. According to market participants, control over stevedore is carried out by Kuzbassrazrezugol.