New coal terminal at Cape Petrovsky
Russia is to commence construction of a 20Mta facility to be called the Sever (north) terminal at Cape Petrovsky, near the existing port of Vostochny in Nakhodka, with construction slated to start in the spring of this year, and is aimed at increasing supplies to the Asia-Pacific region.
The design work for the project is currently being carried out, along with the approval of documentation by relevant agencies. It will involve the building of over 50km of railroad track, 11 bridges and overpasses, and four berths with a length of over 900m.
Throughput will start in three years at approx. 6Mta and reach full capacity by 2025.
Approx. USD340Mn will be provided by the federal budget and a further USD190Mn by private investors, including Russian engineering group Summa and the China Bank of Development.
This new coal terminal is the second planned for the region, with construction already underway of a 18Mta coal port at Sukhodol Bay, will also ship to the Asia-Pacific region.