Press center

25.11.2022

AgroTerminalCaspiy LLC received a Port SEZ resident certificate

Ministry of Economic Development of the Russian Federation issued a certificate for the second resident of the port special economic zone in the Astrakhan region. The project of AgroTerminalCaspiy involves construction of a modern terminal for storage and shipment of grain and vegetable oil. More than 2 billion rubles are to be invested in the project.

The terminal will provide for the delivery of products from road and rail transport, their proper storage and subsequent shipment to water transport.

— Large consumers of grain and vegetable oil are concentrated in the Caspian Sea region, so these goods make up a considerable part of the freight flow along the International North-South Transport Corridor. The existing capacities in Russian ports of the Caspian Sea are not enough to cope with the growing flow. Construction of a modern agricultural terminal in the Port SEZ will solve this problem, «- says Director General of SEZ Lotus JSC Sergey Milushkin.

The planned terminal capacity of transshipment is 900 thousand tons of grain and 300 thousand tons of oil per year, storage capacity will provide one-time storage of 100 thousand tons of grain. According to the plan, the first stage of the agro-terminal will be launched at the end of 2023.

The anchor resident of the Port SEZ, PLC Caspiy LLC, together with its foreign partners are the main investors of the project.

Arkadiy Ivanov, a member of the expert council and head of the logistics committee of the Afanasy Nikitin Association, recently spoke about the problem of lack of grain handling capacity.

«In September, exporters loaded all 15 port berths in Astrakhan with grain; the ships were anchored for weeks,» he said at the India-Russia: New Business Horizons forum.

Experts explain this boom as a result of the growing demand of cargo carriers on the International North-South Transport Corridor. «The Caspian countries intend to use the ports of Astrakhan to import Russian grain to India and Asia via Iran,» RZD-Partner news agency reports.