Магомедов рассказал, на какие деньги "Сумма" построит порт Зарубино
VLADIVOSTOK, Sept. 4 — RIA Novosti: Summa Group estimates the Port Zarubino project at $3 billion, being ready to invest $1.0–1.5 billion of its own funds, and is also discussing bank financing as well as government support for infrastructure creation, the Group’s main shareholder Ziyavudin Magomedov said to RIA Novosti.
“We plan two phases in this project implementation, its total cost roughly standing at three billion USD,” said Magomedov. The plan calls for building Big Port Zarubino with the capacity of 60m tons a year in the Trinity Bay, Khasansky District, Primorsky Krai. The port will host grain and container anchorage terminals as well as the general cargo terminal.
The first phase envisages a terminal with 500,000 containers and a 10m-ton grain terminal; the second phase will add 15m tons of grain and up to 2 million containers. “We’ve already invested about $100 million and until the year’s end we want to complete the design and survey work just to have an idea of the final layout – what terminals will be stationed where,” said Magomedov.
In his words, currently they are holding negotiations with potential investors from China, Japan and Korea about attracting a loan to the tune of up to $1.5 billion. “Chinese investors want a stake in the project in addition to a management agreement and a construction contract for Chinese companies. As for the potential builder, we maintain a simple position: the least costly and most effective bidder should be awarded the contract. We have many good contractors in Russia as well, including in our Group,” noted the businessman.
He clarified that Summa is ready to offer potential partners only a minority stake in the project, not exceeding 25 %. “Some want equal shares, but we can offer them 15–25 % at the most, so we’ll probably build on our own,” said Magomedov. Among the potential foreign partners he mentioned only the Chinese ICBC. As regards the timing, the businessman did not rule out the signing of some financing agreements before the year’s end.
Magomedov also specified what government support Summa would expect for the project. “We look forward to public financing of seabed dredging works as well as 70 km of access railways. We are in need of state funds to build this infrastructure which would be a profitable investment for the government. And we’ll invest our own funds in the stevedore part and terminals.”
“The existing motorway and railroad will be sufficient for handling the traffic from China at the first stage, but at the second stage access railways ought to be expanded and we’ll have to solve the issue of different rail gauge width in Russia and China,” explained the businessman.