NGT LLC and NGPP PJSC have registered Novaya Pristan LLC, a joint venture, on a parity basis.
The company's activities will focus on investment projects to expand port infrastructure, in particular, the extension of the existing Novorossiysk Port pier No. 3 and the construction of two new deepwater berths capable of accommodating Panamax vessels. The project also envisages the construction of a grain loading ramp and a set of auxiliary and infrastructural facilities.
NGT LLC and NGPP PJSC have registered Novaya Pristan LLC, a joint venture, on a parity basis.
The company's activities will focus on investment projects to expand port infrastructure, in particular, the extension of the existing Novorossiysk Port pier No. 3 and the construction of two new deepwater berths capable of accommodating Panamax vessels. The project also envisages the construction of a grain loading ramp and a set of auxiliary and infrastructural facilities.
The construction of the new pier will increase the capacity of the export infrastructure, and the modernisation of the terminal will double the total transshipment capacity from the current 13.6 mtpa (7.1 mtpa for NGP P PJSC and 6.5 mtpa for NGT LLC) up to about 25 mtpa (13.1 mtpa for NGPP PJSC and 12.5 mtpa for NGT LLC) by 2025, and one-time storage capacity will increase from 370,000 tons to 870,000 tons.
Vitaly Sergeychuk, Demetra-Holding's CEO:
'Expanding new port and infrastructure capacity is a priority not only for the development of Russia's agricultural industry but also for strengthening the country's export potential as a whole. We are currently implementing a number of investment projects in this area. These include the construction of a railway line to the terminal in Taman and a joint project with EFKO for a new terminal.' Together with the development of our own network of grain elevators and the optimisation of rail loading, this will create a multiplier effect for the expansion of export channel capacity.'
