Russia to build port to boost trade with China, India, Iran

By Jonathan Campion
Russia's government has approved a $1.6bn seaport in the Caspian town of Lagan, to develop trade relations with its biggest partners and the nearer regi...

Among the facilities at the port will be a container terminal to load and store agricultural products, and terminals for fruit and vegetables. Overall the port will have the capacity to hold 5 million tonnes of dry goods and 500,000 tonnes of liquid cargo.

Interest in investing in the Port of Lagan has already been expressed by China Energy Engineering Group International, the Chinese enterprise Poly Group, as well as a consortium of Iranian companies. 

The general director of the Port of Lagan, Vitaliy Daginov, had already announced at a press conference in March that the total cost of constructing the port would be $1.6bn.

With the recent silting up of the port of Astrakhan, Russia’s main Caspian Sea port, Russia has been forced into diversifying its cargo capacities in the region. The town of Lagan had long lobbied Moscow for investment in a port.

Share

Featured Articles

Open ECX is transforming construction with digital solutions

Open ECX offers innovative, cloud-based e-trading solutions for the construction sector and its associated supply chain

Bechtel and CWP Global spot Africa green hydrogen potential

Partnership involving CWP Global and Bechtel to provide planning solutions for integrated configurations involving green hydrogen facilities

'Better with Bellway' sustainability strategy launched

Bellway's new sustainability strategy coincides with half-year results in which the UK homebuilder's operating profit rose 11.6% to £332.2mn

Construction of utility scale solar farms to accelerate

Construction Projects

China's longest reconstructed bridge to open early April

Construction Projects

Construction firms must focus on water neutrality

EPC