Phase 3 of Vostochny Port’s terminal completed – Irina Olkhovskaya

The project on Phase 3 of Vostochny Port’s terminal has been completed, Irina Olkhovskaya, First Deputy to General Director of Port Management Company LLC, told IAA PortNews  on the sidelines of St. Petersburg International Economic Forum (SPIEF 2019). According to her, the project has been implemented without involving state finances. Total cost of the construction exceeded RUB 40 billion including RUB 5 billion invested in the development of the federal railway infrastructure and more than RUB 3.5 billion  - into additional activities under the comprehensive environmental programme. 

With the project completion, Vostochny Port has doubled its transshipment capacity.  

“Today we speak about 50 and even 55 million tonnes per year. That is a really unique project. In terms of boosting the throughput and in terms of private investments. Phase 3 has ensured the growth of high-qualification jobs in Primorye and tax payments to the budget... Our Phase 3 project is inseparable from the state and state investments. We embarked on the project simultaneously with the ambitious project of the government and Russian Railways on expansion of throughput capacity in the Eastern territory. All that ensures sustainable development, contributes to territorial integrity and economic ties. The key potential of interaction between the state and the business is an accurate synchronization of investment programmes. That was the strategy used as a bases of cooperation for our project implementation”, commented Irina Olkhovskaya.

In July 2019, Vostochny Port celebrates its 45^th anniversary. 

Vgrangel, Primorsky Territory based Vostochny Port is Russia's largest dedicated open access coal port offering technologically advanced transshipment of coal. The terminal features covered stations for unloading and transfer of coal, conveyor equipment, rotary car dumpers, shiploaders and the second-to-none system of multi-stage magnetic coal separation. The port handles coal mined and exported by Russian coal companies.