Russia to Invest in its Sothern Ports

As the Vestnik Kavkaza reports, Russia intends to offer Kazakh companies, transporting their cargo through Ukraine and the Baltic states to invest in the construction of the port of Taman. The largest Russian port of Novorossiysk has exhausted its possibilities for growth.  And Taman port (as well as Azov, Eysk, Novorossiysk, Taganrog, Sochi, Tuapse) belongs to the Black Sea-Azov basin, which has  a favorable geographic position, with access to Europe and the Middle East. It can be  also used by the North Caucasus, as well as the Central, Volga and Ural economic regions.

Right now the port infrastructure is in a poor condition. According to the Minister of Transport Maxim Sokolov, the volume of cargo handled in the Azov-Black Sea basin is one third of Russian cargo ports, but their capacity is almost completely depleted.  In southern Russia there are 12 ports, but only three of them provide a basic turnover.

The ports of southern Russia are in second place after the Baltic Sea in terms of turnover, and every year the volume of traffic increases. For instance, experts estimate that by 2030, the need for transshipment of dry cargo in the ports of the Southern Federal District alone will reach 150 million tons, which is almost twice more than the current level.

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