FESCO Transportation Group and Atomenergoprom, part of Rosatom State Corp., plan to establish the Eastern Transport and Logistics Hub on the territory of Commercial Port of Vladivostok, part of FESCO, in the framework of the project implemented by Rosatom to organize Europe-Asia container transit.
A cooperation agreement on the subject was signed during the Eastern Economic Forum by Andrey Severilov, Chairman of the FESCO Board, and Kirill Komarov, Director of Atomenergoprom, First Deputy Director General – Director, Development and International Business of Rosatom.
According to FESCO, the Eastern Transport and Logistics Hub is intended for transshipment of containers between Arctic-class and feeder vessels. The hub is to become part of the Euro-Asian Container Transit project, which envisages developing container transportation between East Asia and Northwest Europe, including via the Northern Sea Route. Under the project, two transport and logistics hubs are planned to be established, one in the western and the other in the eastern part of Russia, to be connected by ice-class vessels.
To achieve these goals, the parties plan to create a port infrastructure on the territory of Commercial Port of Vladivostok. This will increase capacity of the port and attract additional cargo traffic to the route, FESCO said in a statement.