Russia To Build New Black Sea Grain Terminal
With a grain harvest in excess of 100 million tonnes under its belt, and the capacity to further increase that substantially in the coming years, the main problem Russia has got is the logistics of getting it's grain to market. So, perhaps in the light of its recent spat with Ukraine, they've decided to build a new export facility on the Black Sea.
Russian companies Efko and Solnechnye Produkty plan to build a deepwater grain terminal on the Black Sea at a cost of $220 million, Moscow-based newspaper Vedomosti reported Oct. 15. The new port in Taman is expected to handle five million tonnes of grain a year, the report says.
The companies will jointly own the grain terminal, and are currently meeting with banks on financing, Vedomosti reported.
Maybe they're going to borrow some of their own money back from Iceland at preferential rates?
Russian companies Efko and Solnechnye Produkty plan to build a deepwater grain terminal on the Black Sea at a cost of $220 million, Moscow-based newspaper Vedomosti reported Oct. 15. The new port in Taman is expected to handle five million tonnes of grain a year, the report says.
The companies will jointly own the grain terminal, and are currently meeting with banks on financing, Vedomosti reported.
Maybe they're going to borrow some of their own money back from Iceland at preferential rates?
