VEB.RF, Bank SGB to issue 30 bln rbl for logistics facility

VLADIVOSTOK, Sep 2 (PRIME) -- Russian state development corporation VEB.RF and Severgazbank (Bank SGB) have signed an agreement to issue a 30 billion ruble financing for construction of a large logistics facility in the Primorsky Region, VEB.RF said in a statement on Thursday.

The financing will be provided to PLK Vladivostok for construction of a reservoir park, storages, and a docking bay that will be able to unload ships with deadweight of up to 25,000 tonnes and transship up to 1 million of oil products per year. The combined annual turnover of general cargoes of the facility may reach 1.6 million tonnes.

The agreement was signed during the Eastern Economic Forum (EEF).

(73.1912 rubles – U.S. $1)

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