July 28 2023
The opening of the Sukhodol seaport is scheduled for September 2023 “Sukhodol Sea Port LLC”, a resident of the Free Port of Vladivostok, which is building a new specialized port in Primorsky Territory, will receive a subsidy from the federal budget. Applications of five investors totaling 8.56 billion rubles for the development of the infrastructure in the Far East were approved at a meeting of the presidium of the government commission on the socio-economic development of the Far East, chaired by Deputy Prime Minister Yury Trutnev, the press service reports.
“The provision of subsidies from the federal budget for the development of infrastructure for investment projects is one of the main measures to support investors in the Far East. Principal condition for subsidy is that the budget multiplier of the project should not be lower than 30%. In total, 2819 investment projects are registered in the preferential regimes of the Far East. 646 of them have been put into operation, 119 thousand jobs have been created and 3.2 trillion rubles have been invested in the economy of the macro region. Over the last eight years, 29 projects received infrastructure support for a total of 44.8 billion rubles, including 13 priority projects selected by the presidium (29.4 billion rubles). Today we will consider the applications of five more residents for a total of 8.56 billion rubles,” said Mr. Trutnev at the meeting.
The Ministry for the Development of the Far East of Russia conducted a competitive selection of investors applying for subsidies from the federal budget. Applications from investors implementing projects in the Amur Region, Primorye and Buryatia were presented at the meeting.
“When allocating funds for infrastructure, we must be sure that the projects will be successfully implemented, and that the infrastructure created with federal budget support is in demand, that enterprises will bring real benefits to the regional economy,” Yury Trutnev summed up the meeting.
A cooperation agreement on the creation of a multifunctional port-transshipment facility in the Primorsky Territory near Sukhodol Bay was signed in September 2021 at the Eastern Economic Forum. The port’s capacity will be 12 million tons of coal with a possible increase to 20 million tons. Investments in the project will amount to 46.3 billion rubles.
By 2025, it is also planned to build in Sukhodol Bay a deep-water container terminal with a capacity of 3 million TEU (the second stage of the project), and by 2027, a grain cargo terminal (the third stage of the project). The total cargo turnover of the port will be over 70 million tons.
Comment:Again, we are witnessing the triumph of the powerful coal lobby, as well as the curse of the ever-rising flows of export coal overflowing the throughput capacity of TSR and the seaports in Southern Primorye. Pay attention to the final paragraph. The sequence of the Sukhodol port development stages should be exactly opposite – grain terminal first, container mega terminal (3 million TEU is quite an ambitious and hardly realistic goal) second, coal terminal the last. Otherwise, how will we implement the reorientation of transport flows of Russia to the East? Just sit and wait until the European logistic routes reopen?