Russian deputy PM supports building grain corridor in Far East

MOSCOW, Feb 11 (PRIME) -- Deputy Prime Minister Arkady Dvorkovich supports the idea of creating a Far Eastern grain corridor with the project already being discussed by Russian companies with foreign investors, he said Tuesday.

“I think that the prospect of setting up such a corridor is a good one. On the whole, we have good grain exports prospects given our agriculture development plans,” Dvorkovich said at a news conference.

He said that Russian grain exports may double, if the plans are fulfilled.

“Part of these additional volumes may be supplied to the Asia-Pacific markets; it is important that we create additional logistical capacities for this. Some companies, including the United Grain Company (UGC), are interested in an active development of these plans. Talks with foreign investors, including Japanese investors, are well under way. I think that these ideas are realistic,” Dvorkovich said.

UGC jointly with Dalport, an affiliate of multi-industry holding Summa Group, plans to build a large terminal to store grain at the port of Zarubino in Russia’s Far East. The 7 billion ruble terminal with a capacity of 10 million tonnes is supposed to supply grain to the Asia-Pacific region.

(34.7636 rubles – U.S. $1)

End