New port in Taman
Russian Government has selected another area for expansion and development of the port of Taman. The site will be located on the Black Sea coast from Cape Panageya to Tuzla Spit on the Taman Peninsula. The new port infrastructure construction will be funded through the federal budget. This will become a major port investment project over the next several years. The new Taman port project includes building terminals for handling coal, grain, metals, containers, and possibly fertilizers. The government expects the new port will be able to handle at least 35 million tonnes annually in 2015 and 65 million tonnes by 2020. There are nine Russian companies who would be willing to invest in the port project, namely LLC MetalloInvest, Basic Element Group, Global Ports Investments PLC, JSC Eurochem, UCL Port B.V., United Grain Company and JSC SUEK, NCC and Gazprom Export.
