Sergey Khramagin, Director General of State Transport Leasing Company (STLC), has told Russian President Vladimir Putin about the comprehensive development of Murmansk Transport Hub with coal transshipment terminal at nonfreezing seaport Lavna being the key facility of the project. STLC says the presentation has been made today, 5 March 2018, at the Congress of Transport Workers of Russia.
Sergey Khramagin told that a globally renowned raw commodity trader Mercuria is involved in the project as an anchor investor. According to STLC Director General, the project is of strategic importance for coal exports and for taking over cargo flows from the ports of Baltic States.
“An agreement on cooperation was signed at Saint Petersburg International Economic Forum (SPIEF) and later we signed а take-or-pay agreement for 18 million tonnes of coal per year”, added the head of State Transport Leasing Company.
He also reminded that the company’s had submitted to RF Government a private concession initiative to implement the project within the established deadline (according to the presidential instructions).
“The proposed mechanism can be a sort of infrastructure mortgage before introduction of amendments into the law on private-public partnership”, emphasized Sergey Khramagin.
Coal transshipment facility Lavna is located in the Murmansk Region (Mezzhdurechye settlement in the Kola Bay). Its deepwater ice-free water area protected from waves is able to accommodate dry bulk vessels of more than 150,000 DWT.
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 30 September 2017, IFRS assets of STLC exceeded RUB 291 billion.
Related links:
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STLC and MERCURIA sign agreement under project on construction of coal terminal ‘Lavna’ (photo) >>>>