The new port will consist of 32 off-loading terminals and other facilities, such as elevators with a capacity of 300,000 tons of simultaneous storage for grain crops, as well as terminals for storing and shipping vegetable oils, fruits, vegetables, and other goods.The grain and container terminals will have the capacity of five million tons each, while the liquid cargo terminal will have a capacity of 500,000 tons. 

Container transportation is one of the promising directions the new port will take, as existing sea transport hubs in the neighboring regions are not adapted for this. Container traffic is planned to operate mainly from India and the Persian Gulf countries, through Iran.

The Russian complex in the Caspian Sea will significantly reduce the time it takes to deliver goods from China and other Asian countries to Europe.

For more stories on economy & finance visit RT’s business section

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

The risks are piling up. How long can investors ignore them?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)US stocks have been on a tear since March even as the coronavirus pandemic cost…

Mobile phone company eyes African FTA to expand business

KAMPALA-Eight months after it started production in Uganda, Engo Holding Ltd, a Chinese electronics firm, is making waves across Africa. Engo started off as an assembler of feature phones and smartphones in Africa, before deciding to be a manufacturer. The…

BYD, Toyota to launch JV focused on battery electric cars

BYD Co Ltd and Toyota Motor Corp announced on Thursday the launch of a joint venture company, in a bid to give full play to their respective advantages to conduct research and development into battery electric vehicles (BEVs) in the…

China’s consumer finance firms report growing client base

BEIJING – China’s consumer finance firms reported a steady expansion in their client base as small-sum and convenient loans continued to gain popularity, according to an industry report. By the end of June, China had 26 consumer finance firms serving…