PRESS: Russian Railways can get 25% in Sukhodol for 440 mln rbl
MOSCOW, Sep 4 (PRIME) -- Russian Railways may acquire a 25.01% stake in the Sukhodol coal port owned by Siberian Business Union of Mikhail Fedyayev and Vladimir Gridin, for 440 million rubles, business daily Kommersant reported on Tuesday citing sources with knowledge of the matter.
The project has been carried out since 2012; media reported in 2015 that owners were on the verge of closing it as the cost skyrocketed.
According to Kommersant, the board of directors of Russian Railways will consider on Tuesday lending more than 9 billion rubles to Sukhodol for 13 years at a 10% in several tranches within three years.
Sukhodol must present its agreements with coal companies, confirm own financing of development of the project and sign a long-term take-or-pay deal with Siberian Business Union for transshipment of at least 12 million tonnes of coal a year and a price of at least U.S. $10 per tonne.
(67.7443 rubles – U.S. $1)