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СКРИН "Эмитент" 03.03.2010
NCSP to invest "$165m" in its grain terminal development

Krasnodar region-based Novorossiysk Commercial Sea Port (NCSP) has started reconstruction of its Novorossiysk Grain Terminal, Kommersant reports.

Investment in the project has yet to be disclosed, but is estimated by experts at $165m.

As a result of investment, the terminal's grain storage is to increase from 120,000 to 160,000 tons of grain, and annual transshipment capacities are to reach 6 mln tons of grain.

Reconstruction is scheduled to be completed by the end of 2011.


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