VEB.RF and the BEAC have signed a syndicated loan agreement for the construction of the Artem multimodal transport and logistics center (TLC) in Primorsky Krai. This is stated in the message of VEB, RF.
The project will be implemented using the "Project Finance Factory" mechanism, which is supervised by the Ministry of Economic Development. The project budget is estimated at 40.3 billion rubles. According to the agreement, the syndicate's funds amount to 31.5 billion rubles for a period of 15 years. The volume of VEB's participation. The Russian Federation's financing of the project was approved in the amount of 7.4 billion rubles, of which 2.7 billion rubles were concessional financing from VEB.RF for priority investment projects in the Far East through the Ministry of Regional Development of Russia. The project is being implemented by FinInvest.
TLC will become the largest dry port in the Far East of the Russian Federation with a modern railway, terminal, warehouse and customs infrastructure capable of providing cargo owners with high-quality logistics service that meets international standards. The terminal will use a unique technology for accelerated handling of container trains.
The total area of the shopping center is about 455 hectares. Cargo turnover will amount to 0.5 million TEU per year. The project involves the creation of 230 jobs. The temporary commissioning of the first stage is in 2025, and the commissioning of the second stage is in 2027.
The State Development Corporation "VEB.RF" (Vnesheconombank State Corporation) (TIN 7750004150) was established on the basis of the Federal Law of the Russian Federation "On the Development Bank" through the reorganization of Vnesheconombank of the USSR in 2007. Vnesheconombank is one of the development institutions whose activities are aimed at eliminating infrastructural constraints on economic growth, increasing the efficiency of natural resource use, developing high-tech industries, unlocking the innovative and productive potential of small and medium-sized businesses, and supporting the export of industrial products and services.
