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On Signing Credit Agreement between Vnesheconombank and CJSC Daltransugol

29 september 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and CJSC Daltransugol (a subsidiary of OJSC Siberian Coal and Energy Company) entered into a Credit Agreement on providing financing in the amount of 4.5 billion for a period of 10 years.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Deputy Chairman Anatoly Ballo on behalf of CJSC Daltransugol – by its General Director Dmitry Lisin and Chief Accountant Maria Aksenova.

The funds are intended for financing the final stage of construction of the coal terminal with a capacity 12 million tons per year in the bay of Muchka of the port of Vanino (the Khabarovsk region). The Vanino bulk terminal with a rated capacity of 12 million tons per year is designed to transship coal from SUEK enterprises and other Russian coal companies to export it to the Asian-Pacific region countries. The Vanino Coal Terminal Construction Project is one of the largest investment projects in the Russian transport infrastructure being implemented in the Far East.

After achieving its rated capacity Vanino will become the largest coal port in the Far East and the second largest port in Russia.

The implementation of the project will make it possible to receive and handle ships with deadweight of more than 170 thousand tons.

The total amount of investments under the project is more than 9.5 billion rubles.

CJSC Daltransugol is 100% subsidiary of OJSC Siberian Coal and Energy Company and the operator of the Vanino coal terminal. OJSC Siberian Coal and Energy Company is the largest Russian energy coalproducer. The amount of coal production in 2008 was 96.2 million tons. The company is the largest Russian coal exporter. The amount of international sales in 2008 was 28.2 million tons.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru


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