RZhD OJSC and Tamanneftegaz CJSC to invest 2.5 billion rubles into construction of a logistics storage terminal at the south of Russia

Russian Railways OJSC (RZhD) and Tamanneftegaz CJSC to invest 2.5 billion rubles into the construction of a logistics storage terminal at the south of Russia with development railway approaches to the ports, Vladimir Vorobiev, head of North-Caucasus Railway, reported at the press conference held on October 2. This information has been provided by yuga.ru with reference to IA Interfax-Yug. Feasibility study for the construction of the first Russian logistics storage terminal, or "dry port", has been finalized at the "9th km" site. It is to cost 2.5 billion rubles, Vorobiev said. He has not specified the shares of the investors. "Dry port" is intended for storage of cargoes to be sent to the ports of Novorossisk and Taman peninsular (Caucasus, Temryuk and Zheleznyj Rog). According to the head of NCRS, its commissioning is to prevent winter accumulation of more than 160 trains at the approaches to the ports. Such railway "jams" decrease efficiency of cargo wagon use. According to Vorobiev, "9th km" project implementation will make our ports decrease the cost of their services which is twice as high now as that of the Ukrainian ports, - 9 dollars against 4.5 dollars. As soon as we decrease the price Novorossisk will have to decrease its prices as well. As for today’s situation, we have to give $35 million to Ukrainian budget annually for mineral-and-chemical cargoes only, he says. According to NCRW, the construction is to commence in 2007, its capacity is to make 50 million tons of cargo annually.