In Russia, Lugaport’s terminal at the Baltic Sea Port of Ust-Luga is now expected to become operational by the end of 2024, says Konstantin Goncharov, President of Novotrans Group, which is undertaking the investment. The first phase of the project, which involved the reclamation of 47 hectares of land, has already been completed.
Once in operation, the terminal will be able to handle about eight million tonnes of grain, eight million tonnes of general cargo and eight million tonnes of dry bulk cargo (mostly coal and iron ore) per year.