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2010 April 21   08:51

Port Posiet to loan RUB150m at SberBank

Commercial Port of Posiet will get a 150 million ruble loan from Russian SberBank who has won in an open tender, the port press release said. The 9.5% interest loan is granted for a period of 18 months to fund the financial and economic activities of the Port.

Port Posiet is open for Russian and foreign flagged ships. Posiet is linked with the Trans-Siberian Railroad, which makes cargo shipments easy from anywhere in the country. The deep-water berths allow 9.5 draft vessels to dock at the port. Mechel-Trans LLC holds 96.9421% of common stock in the Commercial Sea Port of Posiet.

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