Completed projects

Grain Terminal Construction

 
The Port's proximity to Russia's main grain producing regions in southern Russia and our leading position in the grain export market makes the expansion and modernisation of our grain export facilities one of our top priorities. On 29 August 2007, we have completed construction of a modern, special-purpose grain terminal with a turnover capacity of 4.0 million tonnes of grain per year. Our goal is for this new grain terminal to become the fastest grain handling complex in Russia. The new grain terminal has been designed to accept grain and seed cargo delivered to the Port by rail or truck transport and will provide services for drying, oiling, filtering and storing grain. The new facility is furnished with state-of-the-art, high-speed handling equipment to ensure safe, fast and continuous loading services, including ship-to-ship equipment to unload river-going vessels, and has a capacity to process 120,000 tonnes of grain simultaneously. The new facility allows loading of grain onto a Panamax class vessel with a displacement of up to 50,000 tonnes in 72 hours. Construction of the terminal began in the first quarter of 2005 and was completed in August 2007. The total investment in the project was expected to be US$81.3 million, of which approximately US$78.3 has already been invested.

Bunkerage Complex

  
Our bunkerage service volumes have been growing steadily during the past three years. We believe that the successful completion of our other modernisation projects will contribute to a substantial increase in the number of vessels entering the Port, which in turn will result in an increased number of vessels that will require bunkerage services. Our goal is to increase our bunkerage fuel sales from 180,000 tonnes in 2006 to 600,000 tonnes by 2009, which would result in an increase in our market share of fuel sales at the Port from 13.7% in 2006 to 40% in 2009.

 
In May 2007, we have completed the construction of a new fuel bunkerage complex for fuel oil and diesel fuel with a direct railroad connection that will facilitate the storage and unloading of up to 600,000 tonnes of bunkerage fuel per year. We also plan to reconstruct the existing bunkerage berth to improve the capacity and efficiency of our fuel bunkerage services. Improving the terminal infrastructure will also allow us to deliver bunkerage fuel directly to berthed vessels via a newly-installed pipeline rather than using trucks to transport the bunkerage fuel to berthed vessels, thereby reducing our environmental transport risks and allowing us to fulfil fuel requests more quickly and efficiently. We expect this project to be completed by the end of 2009. The total amount budgeted for this project is estimated at US$19.8 million, including US$9.3 million of working capital financing, all of which has already been invested.