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In the Freeport of Vladivostok, the Eastern Port implements a new investment project - EastRussia | Far East

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In the Freeport of Vladivostok, the Eastern Port implements a new investment project

JSC Vostochny Port became a resident of the Free Port of Vladivostok with an investment project for the construction of the Third Phase of a coal-loading complex in the Nakhodka urban district.

In the Freeport of Vladivostok, the Eastern Port implements a new investment project
The third phase is a continuation of the coal production transshipment complex of JSC “Vostochny Port”; it is a fully automated terminal for transshipping coal from rail to sea transport with the parallel provision of coal storage and processing services.

Managing Director of Vostochny Port JSC Anatoly Lazarev notes that the project provides for the development of transport infrastructure adjacent to the port, namely the construction of two railway sorting parks for general and non-public use, which will later be transferred to the balance of Russian Railways.

According to Denis Tikhonov, Director General of the Far East Development Corporation, the creation of new port capacities will have a positive impact on the development of the coal mining business, and will generally give a good economic and budgetary effect through the creation of new jobs. In the future, it is worth creating 619 jobs.

The company reported that the volume of investment in the project under the agreement with the Corporation for Far East Development will amount to 17,2 billion rubles. The design capacity of the 3 line of the coal loading complex will be 16,5 million tons of cargo per year, and the main objective of the project is to increase the capacity of the Eastern Port to 39 million tons per year.