OREANDA-NEWS. October 1, 2009. The state corporation "Bank for Development and Foreign Economic Affairs (VNESHECONOMBANK)" and the closed joint-stock company "Daltransugol" (a subsidiary of OAO SUEK) have concluded a 10 year credit agreement worth 4.5 bln rubles in loans.

For Vnesheconombank the Agreement was signed by Anatoly Ballo, Deputy Chairman; the signatories for ZAO Daltransugol were Dmitry Lisin, CEO, and Maria Aksenova, Chief Accountant. The loans are to finance completion of the coal terminal currently under construction at Muchka Bay in Vanino Port (the Khabarovsk Territory). The Vanino bulk carrier terminal with the estimated annual capacity of 12 mln tonnes is designed as a transshipment hub for coal exported to Asia-Pacific from mines operated by OAO SUEK and other Russian coal producers. The Vanino bulk carrier terminal construction ranks among the largest investment projects under implementation in the Far East as part of the RF transportation infrastructure.

When operating at full capacity the Vanino bulk carrier terminal will become the largest coal handling port in the Far East and second in size in Russia. Implementation of the project will make it possible to admit and handle vessels with the cargo capacity of 170,000 tonnes.

The total amount of project investments exceeds 9.5 bln rubles.