22 Nov 2011MOSCOW, Nov 22 (Reuters) - Russia's state grain trader, the United Grain Co (UGC), and investment group Summa said on Tuesday they had signed a deal to build a new grain export terminal on the Pacific cost with a capacity of 5 million tonnes per year.
The terminal is to be built by 2014 in the deep sea Vostochny port located in the Nakhodka bay, part of the Sea of Japan, and connected to the rest of the country by the Trans-Siberian railway.
The construction of the port is estimated to cost around 5 billion roubles (0.40 million), the two companies said in separate statements.
http://www.sharenet.co.za/news/Russia_to_build_new_grain_terminal_in_far_East/20c2b2d12bd3d41509905b239b00ed13
