Developing a container terminal in the Caspian port of Olya is a priority, Astrakhan Oblast Governor Igor Babushkin said in a meeting with President Vladimir Putin.
The project consists of two phases. The terminal capacity is to make 3 mn tons by the end of 2023, and 8 mn tons by the end of 2030. The estimated investment into the project is 34 bn rubles ($448.75 mn).
Babushkin added that the neighbouring countries are interested in the development of the North – South international transport corridor via the port of Olya.