VEB.RF, VTB to lend 34 bln rbl on Vanino port coal terminal

MOSCOW, Nov 7 (PRIME) -- VEB.RF and VTB will finance construction of a 34 billion ruble coal terminal in the Port of Vanino, VEB.RF said in a statement on Thursday.

“State corporation VEB.RF, Bank VTB and company VaninoTransUgol have signed a loan agreement to finance construction of a highly technological coal terminal carried out in the sea Port of Vanino in the Khabarovsk Region… the amount of financing in the framework of program Project Financing Factory is 34 billion rubles,” VEB.RF said.

VEB.RF will finance more than 33% of the cost of the first stage of the project under a syndicated loan. The terminal is to be launched in 2020 and the planned capacity is 12 million tonnes of coal per year.

(63.5880 rubles – U.S. $1)

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