Far East | Transport, logistics | Materials, extraction

VEB Banks $150m pledged for $317m terminal

23 Nov '09
VEB Bank has begun construction of a coal terminal in Khabarovsk Regions port of Vanino, VEBs vice-president Anatoly Ballo said today.

Daltransugol, a subsidiary of coal mining company SUEK, will reportedly receive $150m as the banks ten-year loan.

The total cost of the project is a reported $317m.

The new terminals reported capacity is 12 million tons of coal a year. It will handle 170,000+ ton ships, the source said.
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