Igor Babushkin, Governor of the Astrakhan region in Russia has revealed plans to build a new container terminal at the Port of Olya.
The plans were announced by Babushkin in a meeting on 17 January 2022 with Russian President Vladimir Putin.
“The key task at present is to develop the container terminal in the Port of Olya. It will be developed in two stages: we are to ensure transshipment of three million tonnes of cargo by the end of 2023 and eight million tonnes by the end of 2030,” said the Governor.
“This is the task we intend to solve in the first instance. Intended investments amount to 34 billion rubles ($442.9 million).”
It was also mentioned that the waterway capacity of the Volga-Caspian Sea Canal also needs to be increased to arrange full-fledged cargo transportation.
The Port of Olya is located just 100km southward of Astrakhan, in the immediate vicinity of the Caspian Sea.