The creation of "grain corridor Russia-China" by means of the Grain Terminal Zabaikalsk, LLC and the Chinese Muyang Holdings Co., Ltd was discussed on Saturday in Beijing.
According to the Russian company, an agreement for development of the infrastructure part of the project "New land grain corridor Russia-China" was signed in Beijing on Saturday.
It provides for the construction of the Grain Terminal Zabaikalsk, which capacity will be enough to transship up to 8 million tons of grain, legumes and oilseeds, as well as 29 nodal elevators per year.
As the company representatives noted, the memorandum does not include financial component.
Meanwhile, as the Deputy Minister of Agriculture of the Russian Federation Sergey Levin told reporters earlier, the total amount of investment could reach $1.1 billion.
According to him, the construction of the terminal is scheduled to begin in September of the current year. The first stage completion will take a year and a half, he supposes. In general, the project is expected to be completed by 2025.
In addition, along with the memorandum, an agreement with the Chinese food corporation "COFCO" on the subject of purchasing Russian grain through this terminal was being elaborated. “This issue was discussed separately and received support from both sides. After that, negotiations with COFCO intensified, and they made significant progress in signing the second memorandum,” S. Levin said.
According to him, for today at first we can expect from China to purchase about 2-3 million tons of grain per year, "Interfax" notes.
Grain Terminal Zabaikalsk as LLC was established in April 2015 in the city of Chita. The share of 64% is owned by "Soinvest Group", LLC (owners are Evgeny Zobnin and Oksana Rylskaya), 26% - by "Gos-Group", LLC (50% owned by Karen Ovsepyan), 10% - belongs to the First Siberian Grain Export Company, LLC (owned by Vladimir Gorshenin and Oksana Gradova).
Muyang Holdings Co. is the chinese leader in the production of equipment and services for agribusiness, according to the company's website.
On December 17th, 2015, Russia and China signed protocols on phytosanitary requirements for wheat, corn, rice, soybeans and rapeseed exported from the Russian Federation. China permitted to supply wheat only from the Altai and Krasnoyarsk Territories, Novosibirsk and Omsk Regions.
Source: eastrussia.ru
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