Russia to build grain terminal in Far East region

Far East ports of Russia will soon have a full-rate grain terminal, in order to increase the export volumes of Siberian grains, said Sergej Levin, the General Director of OJSC United Grain Company.

Far East ports of Russia have limited capacities of grain shipment through the direct variant and container variant, and do not exceed own shipment capacities over one million tonnes per year. Hence, the ports require a grain terminal to help increase the production volume of grains.

According to Levin, United Grain Company currently handles projects of settling grain terminals in the other ports of Nakhodka city, in JSC Vostochny Port and Vanino Commercial Sea Port.

Levin also announced that the project foresees the construction of a port elevator with the capacity of about 150 thousand tonnes, with an estimated shipment volume of nearly 2.5 million tonnes annually. The planned investment value will total RUB3.8 billion (US$0.12 billion).

In order to maximise the export grain potential of Russia, other ports at the Baltic Sea also need to develop their grain shipment operations, Levin said.

United Grain Company will also be handling further construction on the grain terminal in the port Ust-Luga. The projected annual shipment capacity of the terminal totals nearly 6 million tonnes.

Overall, the total value of necessary investments for the development of port shipment capacities by 2015 is RUB22 billion (US$0.7 billion).