Gazprombank has signed an agreement with Multifunctional Cargo Area Ltd. defining the basic cooperation conditions including those to finance the development of a multifunctional cargo port in Sakhalin region.
According to Gazprombank, the project will cost at least 35 bn rubles ($480 mn). The new port will be located on the border of Poronaisk and Makarovsky districts in a relative proximity to the shelf projects in Sakhalin region, which will optimize delivery time for cargoes to/from offshore projects.
The port will consist of oil, coal, condensed gas, and bunkering terminals, a port supply base, and related infrastructure.
The project envisages implementing the PPP mechanism, the federal investment is to make 3.96 bn rubles ($54.3 mn).