SUEK to invest 42 bln rbl in ports, 30 bln rbl in rail cars

MOSCOW, Dec 5 (PRIME) -- Siberian Coal Energy Company (SUEK) plans to invest about 42 billion rubles in expansion of port capacities and at least 30 billion rubles in buying cargo rail cars, Director for Logistics Denis Ilatovsky told reporters on Wednesday.

The company plans to invest 25–30 billion rubles in expansion of capacities of the Daltransugol terminal to 40 million tonnes from 24 million tonnes per year from 2019 through 2024. SUEK will also invest 2 billion rubles in improvement of infrastructure of the Maly port, and more than 10 billion rubles in reconstruction of the port of Murmansk, which will raise the port’s capacity by 4–5 million tonnes, he said.

He said that SUEK may buy 8,000–10,000 rail cars in the next three years. “We plan to buy innovative rail cars in the first place, but it depends on the market situation. If we implement everything that we’ve planned, we will spend at least 30 billion (rubles) on railcars in the coming years,” he said.

(66.4467 rubles – U.S. $1)

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