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MIL OSI Translation. Region: Russian Federation –

A modern cargo complex with coal, oil and gas terminals will be built on the eastern coast of Sakhalin. The concession agreement on its creation was approved by the Chairman of the Government Mikhail Mishustin.

The facility, which will be able to serve ships with a full carrying capacity of up to 80 thousand tons, will be located on the border of the Makarovsky and Poronaysky districts. The total investment will exceed 35.9 billion rubles. At the same time, 3.96 billion rubles will be allocated from the budget for infrastructure development.

The capacity of the coal terminal envisaged by the project will be up to 5 million tons per year, the oil-loading terminal – up to 5.5 million tons, the gas condensate terminal – up to 2.8 million tons. In addition, a supply base and a bunkering (filling) complex will be built on the territory. …

The concession will allow the investor to use the facility for 49 years. Commissioning of the complex should take place no later than six and a half years after the signing of the agreement.

The decision made will help diversify the Sakhalin economy, create hundreds of new jobs and unlock the region’s logistics potential.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News