RF Premier Mikhail Mishustin has signed an order to define the amount of federal investment into the construction of a maritime terminal in the port of Pevek on the Chukotka Peninsula.
According to the RF Government press office, the subsidy during 2023-2026 is to make more than 27.6 bn rubles ($365.8 mn).
The federal money will be used to finance dredging the terminal basin off Cape Naglyoinyn and building a shipping channel. Parallel to this, berths to handle products of the Baimsky Mine are to be built.
The terminal capacity is to make about 2 mn tons of cargo annually. Three thirds of this will be copper concentrate from the Peschanka field developed by the Baimsky Mine.
The terminal is to put into operation in 2026.
The federal money will be also invested into hydrotechnical infrastructure to accommodate floating nuclear stations to generate power for developing the Peschanka field. This work is also to be completed in 2026.