«Amount» will invest up to $600 million in the project of the far Eastern port of Zarubino

© RIA Novosti / Sergey Goneeverything in fotoreceptor of the Board of Directors of the Summa Group Ziyavudin Magomedov. Archival photo«Amount» will invest up to $600 million in the project of the far Eastern port of Zarubino© RIA Novosti / Sergey Goneeverything the image Bank

The Summa group plans to invest $ 500-600 million in the project of the far Eastern port of Zarubino, in total the project is estimated at $ 3 billion, told reporters the main owner of Summa group Ziyavudin Magomedov, during the contest of innovative projects of residents of the business incubator «PERI Innovation.»

«The entire project of Zarubino is estimated at $ 3 billion. There are two stages: the first is of the order of 1 billion dollars, and the second plus another 2 billion. The money necessary for the project we have already invested about $ 100 million. I believe about 500-600 million dollars, and the rest we will discuss in project financing,» — said Magomedov.

The project «Big port of Zarubino» involves the creation of specialized transshipment complexes in the sea port Zarubino is in Trinity Bay (Primorsky Krai), including: grain, container and bunkering terminals, as well as the development of railway, road and energy infrastructure on a plot of Zarubino – Hunchun (China). The port is designed to transship Russian export cargo and the cargo from the North-Eastern provinces of China in the South. The first phase of the port is scheduled to launch in 2020.

About the interest in the project has been expressed by China Merchants Group and one of the largest global port operators DP World (Dubai Port World). In September last year «Amount» DP World has signed a five-year Memorandum of understanding in which frameworks intend to consider the possibility of implementing joint projects of the port, transport and logistics infrastructure. In particular, we are talking about the development of international transport corridors in the Asia-Pacific region, including the project «Big port of Zarubino», including the transport approaches to the port.

The contest of innovative projects of residents of the business incubator «PERI Innovation» at the invitation of the owner of the Summa group Ziyavudin Magomedov came to the founders of some of the world’s most successful startups: Fund Manager Caspian VC bill shore, Chairman of the Board of Directors of the Hyperloop One, co-founder and managing Director of Sherpa Capital shervin Pishevar, founder and managing Director of ASAPP Gustavo Shoemaker, CEO of Diamond Foundry Martin Rosaasen, founder of Moat Noah goodheart.

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