RDIF considers investing in Zarubino port construction
Moscow, April 3, 2015 – The Russian Direct Investment Fund (RDIF) is considering collaborating on a project to construct Big Port Zarubino, a new universal port in the Primorsky Territory. The project is being led by PortTrans, which is controlled by Summa Group. According to an agreement of intent signed by RDIF and PortTrans on joint development of the project, RDIF will also assist in attracting leading international investors from the Asia-Pacific Region.
Big Port Zarubino will have an estimated freight turnover of 60m tonnes per year, and will be constructed in the Troitsk Bay of the Khasansky District, Primorsky Territory. The port will include grain and container terminals, as well as a general cargo terminal. A number of major international port operators and investors have shown interest in participating in the project.
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Russian Direct Investment Fund (RDIF) was established in 2011 to make equity co-investments, primarily in Russia alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information at rdif.ru
Summa Group is a diversified private holding company with significant investments in port logistics, engineering, construction, telecommunications and oil and gas.. The Group employs more than 10,000 people in almost 40 regions of Russia and abroad. Mr. Ziyavudin Magomedov is the founder and shareholder of the Group Further information at: www.summagroup.ru.
Russian Direct Investment Fund
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Andrew Hayes / Maria Ignatova / Elena Garside
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