Rosmorport and Grain Terminal KSK have signed a cooperation agreement in respect of a new project to rebuild a grain terminal at the Far Eastern port of Novorossiysk. This will have an initial capacity in the region of 2.5 million tonnes per annum, although further works will permit this to rise to approximately four million tonnes annually.

Both companies will cooperate on the design and reconstruction of berths No. 40A, 40, 41, 2, 3 with a view to ensuring that navigational safety can be improved, whilst at the same time ensuring that the overall capacity of the KSK grain terminal can be boosted by 1.5 million tonnes per year.

The project forms part of the roadmap for the development of ports in the Azov-Black Sea Basin upto 2020, which was approved by the Chairman of the Russian Government Dmitry Medvedev.

While KSK is a private sector company, Rosmorport is a federal state unitary enterprise set up in 2002 by the Russian Federation’s Ministry of Transport. Its remit is to contribute towards the development of Russian sea transport infrastructure and ensure that higher levels of competitiveness can be achieved by the ports through more effective use, correct maintenance and through the development of assigned federal property.