Russian coal producers Sibanthracite and Stroyservis, as well as coal trading companies Telf AG and EP Resources AG signed an agreement with Port Infrastructure Development Center (PIDC) to guarantee coal handling in the port of Lavna.
In accordance with a previously concluded take-or-pay contract, the Port Infrastructure Development Center (PIDC) confirmed its readiness to provide the cargo base in the amount of 18 mio t per year from 2024 onwards with the coal handling rate of 7.5 USD/t. Thus, the cargo base will include the transshipment volumes of coal, supplied by Sibanthracite, Stroyservice, Telf AG and EP Resources AG, which entered into supply agreements with PIDC.
The Russian government announced that the traffic on the section of the Vykhodnoy-Lavna railway line, as well as the port of Lavna, should be launched in December 2023.
Construction of the commercial seaport Lavna on the western shore of the Kola Bay was officially kicked off on September 16, 2021, according to the Murmansk Region Government.
PIDC (also holds 24.79% of Sukhodol commercial seaport in the Russian Far East) owns 60% of Lavna. The rest of shares belong to SDS, RZD Infrustructure projects and State Transport Leasing Company (GTLK) in amount of 25%, 10% and 5% respectively.
Source: CAA Analytics
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