In 2018, Tuapse Commercial Sea Port JSC to invest 850 mln RUR in reconstruction of the grain terminal

Source

APK-Inform

787

In 2018, Tuapse Commercial Sea Port JSC (belongs within UCL Holding) plans to invest 850 mln RUR in reconstruction of its grain terminal, declared the press-service of the company on January 10.

According to the announcement, in the current year the port plans to purchase the basic technological equipment of the terminal, and also complete the project works and start construction works.

The general cost of the project, calculated until 2021, totals nearly 3.6 bln RUR. In addition, the project will expand the terminal`s range of grain cargoes, increase the cargo turnover to 3 mln tonnes, develop the railway infrastructure of the port, which will increase the carrying capacity on all dry goods.

Also, in 2018 the general sum of investment programs financing in Tuapse Commercial Sea Port JSC will reach 1.931 bln RUR. Funding will be provided at the expense of the company's internal funds.

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