23 Nov '09
VEB Bank has begun construction of a coal terminal in Khabarovsk Region’s port of Vanino, VEB’s vice-president Anatoly Ballo said today.
Daltransugol, a subsidiary of coal mining company SUEK, will reportedly receive $150m as the bank’s ten-year loan.
The total cost of the project is a reported $317m.
The new terminal’s reported capacity is 12 million tons of coal a year. It will handle 170,000+ ton ships, the source said.