State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ has started to finance the Vanino Coal Terminal Construction Project with a capacity of 12 million tons per year in the bay of Muchka at the port of Vanino (the Khabarovsk region). The port of Vanino is designed to transship coal from the Siberian Coal Energy Company’s coal deposits as well as from other companies to export it to the Asian-Pacific region countries.

Vnesheconombank provided the first tranche of its credit line in the amount of 1.5 billion rubles to finance expenses of CJSC Daltransugol (a subsidiary of OJSC SUEK, the operator of the terminal under construction) on purchasing technological equipment and paying for the construction work done. In order to implement the project, Vnesheconombank and CJSC Daltransugol entered into an agreement on extending credit resources worth 4.5 billion rubles for a period of 10 years.

The Vanino Coal Terminal Construction Project is one of the largest investment projects both in the field of developing the Russian transport infrastructure and in the Far East as a whole.

After achieving its rated capacity Vanino will become the largest coal port in the Far East and the second largest port in Russia. The implementation of the project will make it possible to receive and handle vessels with a deadweight of more than 170 thousand tons.

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru