After UK Kuzbassrazrezugol OAO (KRU) pulled out of “Lavna” Coal Terminal project in the Murmansk region, the investor of the project will be State Transport Leasing Company (GTLK), a Transport Ministry official said.
Speaking at the event "Transport and Logistics in the Arctic-2015" Deputy Transport Minister Victor Olersky said that the project financing will be carried out through raised funds. It is planned that GTLK will buy out land leasehold from "KRU" allocated for construction of the terminal, and some equipment from the Estonia based terminal of "KRU".
Construction of the "Lavna" coal port was projected as part the Murmansk Transport Hub development.
Designed capacity of the terminal will be 18 million tonnes of export coal a year.
The project "Integrated Development of the Murmansk Transport Hub" is scheduled for completion by 2018. The project includes the construct a new railway line to the left bank of the Kola Bay (including two railway stations and railway bridge across the Kola Bay). The project also envisages construction of a new coal transshipment facility (Port "Lavna") and an oil products terminal.
The project is implemented in the framework of the subprogram "Development of Export of Transport Services" of the Federal program "Development of Transport System of Russia." The project provides funding both from the federal budget and at the expense of private investors. According to the Strategy for the Development of Transport System of Russia until 2030, the Murmansk Transport Hub is expected to attract about 70 million tonnes of freight volumes, which is more than a tenth of cargo volume handled today in the domestic seaports.