Translation. Region: Russian Federal
Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –
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The project will include railway, terminal, warehouse and customs infrastructure. VEB.RF and Sber signed a syndicated loan agreement for the project to build the multimodal transport and logistics center (TLC) "Artem" in Primorsky Krai.
The project will be implemented using the Project Financing Factory mechanism, which is supervised by the Ministry of Economic Development. The project budget is estimated at 40.3 billion rubles. According to the agreement, the syndicate's funds amount to 31.5 billion rubles for a period of 15 years. The volume of VEB.RF's participation in the project financing has been approved at 7.4 billion rubles, of which 2.7 billion rubles is preferential financing from VEB.RF for priority investment projects in the Far East through the Ministry for the Development of the Russian Far East. The project is being implemented by FinInvest.
First Deputy Minister of Economic Development Maxim Kolesnikov: "The TLC Artem project is aimed at achieving the national development goal of "Sustainable and Dynamic Economy", which was defined by Russian President Vladimir Putin. The construction of such a large infrastructure project will help increase cargo flow and speed up the delivery of industrial goods and goods for enterprises and the population of Primorsky Krai. The TLC Artem will increase the efficiency of the Far Eastern ports by removing non-core operations for the storage and distribution of goods from their territory. The terminal is being built within the framework of the "Project Financing Factory" mechanism, which guarantees investors a stable credit rate."
Deputy Chairman of VEB.RF Artem Dovlatov: "This is an important step towards implementing a large-scale project aimed at increasing the competitiveness of Russian ports and strengthening the country's transport infrastructure. Thanks to this project, we will be able to increase the capacity of Far Eastern ports, reduce transport costs and speed up the movement of goods, creating additional opportunities for the region's economic growth. The implementation of the project will also create new jobs and contribute to achieving the strategic goals of the socio-economic development of Primorsky Krai until 2030."
Anatoly Popov, Deputy Chairman of the Management Board of Sberbank: "The Artem dry port is not just a new infrastructure project in Primorye. Its construction is of colossal importance for the entire transport and logistics industry of our country. Artem will become the largest port in Russia and one of the key links in the supply chain between Russia and China, which will increase trade turnover with friendly countries. Sberbank prioritizes financial support for such projects that stimulate the region's economy and ensure the creation of new jobs."
The TLC will become the largest "dry port" in the Far East of the Russian Federation with a modern railway, terminal, warehouse and customs infrastructure capable of providing cargo owners with high-quality logistics services that meet international standards. The terminal will use a unique technology for accelerated processing of container trains.
The total area of the TLC is about 455 hectares. The cargo turnover will be 0.5 million TEU per year. The project involves the creation of 230 jobs. Temporary commissioning of stage 1 is 2025, commissioning of stage 1 is 2027.
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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