New container terminal for Vladivostok

Moscow: This summer, Russian Troika, a joint venture of Russian Railways and Far Eastern Shipping Company (part of FESCO Transport Group) is to launch the construction of a new container terminal in the port of Vladivostok worth a total of over RUR2bn (approx. US$77.22m). The first stage of the construction will give a capacity of up to 120,000 teu a year and will be completed and put into operation in 2010. The second stage is to be completed in 2011, and by 2014 the terminal is expected to reach its projected capacity of 250,000 teua year.  [30/05/07]