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2009 March 12   14:05

Basic Element starts construction of Sochi port having obtained a RUR 4-bln credit from VEB

Basic Element has commenced the construction of Sochi port, PortNews IAA learnt from the company. Basic Element subsidiary Port of Sochi Imeretinskiy JSC obtained a RUR 4-bln credit fromVnesheconombank , VEB press center confirmed. 
As PortNews IAA learnt from Sergei Semenov, Development Director of Morstroitechnology (design organization), the port is to start operation as early as in late 2009. Design capacity is 5 million tonnesof cargo per year. In 2010 the throughput is expected to make 2 million tonnes. The port is to handle cement, crushed stone, rolled metal and general cargo. Al in all there will be 8 berths including 3 berths for dry bulk and 5 berths for general cargo. The depth is to make 9.2 m, vessel length - 140 m. 

Construction of south-western and western protecting structures as well as dredging and coast-protection work is within the competence of RorMorRechFlot.

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