Press
Summa Group, headed by Ziyavudin Magomedov, today should be signing an agreement with the Chinese province of Jilin for the construction of a “dry” (inland) port in the border-city of Hunchun. This will be a satellite logistics center of the Big Port Zarubino, which Summa is planning to build in the Primorsky Territory in 2018. In this “dry port”, the Group expects to handle up to 40 million tons of cargo each year, and then forward it by rail to Russia. The “dry port” will cost Summa around $300-350 million to build. According to analysts, for this project in Hunchun, Summa will have access to Chinese low-interest credit financing....
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Zarubino Port, an ice-free harbor located 18 kilometers from the Sino-Russian border, will include terminals for grain handling, containers, roll-on/roll-off, as well as general and bulk cargos, with a turnover of 60 million tons per year, according to Alexander Ananenko, project manager of the port within Summa Group....
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