212-759-3185 info@worldenergyforum.c
866 United Nations Plaza SuiteNew York, New York 10017

Mubadala Foundation with RDIF may join the management company of the port of Taman

Investors will receive rents from terminal operators in the port, with an internal rate of return of about 16-18%
SAINT PETERSBURG, 18 June. / TASS /. The UAE investment fund Mubadala, in partnership with RDIF, may enter the management company of the Taman port under construction. The Russian authorities are conducting appropriate negotiations with the funds. This was announced to reporters by the Deputy Minister of Transport of the Russian Federation Viktor Olersky on the sidelines of the Arctic Forum within the framework of the SPIEF

“We are working with Mubadala together with RDIF. We have gone very far (in negotiations – TASS note)”, – he said.

The company that is responsible for the construction of the infrastructure of the port of Taman (dredging, quay walls, coastal protection structures) – LLC “RMP-Taman” is not wholly owned by FSUE “Rosmorport”, which in its the queue is an organization subordinate to the Ministry of Transport of the Russian Federation.

The project for the construction of the deep-water port of Taman could not start for a long time, despite the fact that stevedoring companies showed interest in the construction of terminals in the port, due to the lack of funding for the main part of the port infrastructure construction.

Within the framework of the SPIEF, Rosmorport signed an agreement with PJSC Novorossiysk Commercial Sea Port, providing for the sale of a 50% stake plus one share in RMT-Taman to NCSP. Thus, a decision was made to build infrastructure in a concession.

According to Olersky, Rosmorport will retain a blocking stake in the company, the rest of the shares will be sold to other investors.
{{ 1}} “These may be funds, or there may be future terminal operators themselves … We, in fact, had a task to” get rid of “.We expected to keep 20-25% for ourselves (in the management of Rosmorport – TASS comment), give the rest to the market in order to attract money, “he said.

Investors will receive rent from terminal operators in the port, the internal rate of return will be about 16-18%, he noted.

Other investors
At the same time, Olersky did not rule out that other investors. “They (Mubadala – TASS comment) usually buy a small package. This is a fund, they are not forever, they capitalize the package and, say, in the horizon of 7 years they sell it, “Olersky added. Other operators are also interested in joining the management company, he added.

the creation of a dry cargo area of ​​the seaport of Taman is included in the “Transport Strategy of the Russian Federation for the Period up to 2030” and was partially to be financed by the Federal Target Program “Development of the Transport System of the Russian Federation (2010-2020).” territory of 850 hectares. By 2025, the total volume of the port’s cargo turnover should be 94 million tons.

The total amount of financing for the project was estimated at 202 billion rubles, 89 billion rubles were supposed to be allocated from the budget for the construction of federal property But the state part remains in short supply, the Ministry of Transport discussed several options for the development of state infrastructure with the attraction of investors’ funds.

Interest in the port project in Taman as stevedores was shown by Dmitry Mazepin’s Uralchem ​​associated with the N-Trans group Global Ports, Metalloinvest Alisher Usmanov, Eurochem Andrey Melnichenko, ” Kuzbasrazrezugol “by Andrey Bokarev,” Basic Element “by Oleg Deripaska,” Uralkali “associated with the” Onexim “group, SUEK Vladimir Rashevsky and UCL Port by Vladimir Lisin.