Arrival of Veniamin Kondratyev in Novorossiysk for official business
In the bustling city of Novorossiysk, home to one of the largest seaports in Russia, a significant investment project is underway at the Novorossiysk Grain Terminal. The company, "Novorossiysk Grain Terminal," is implementing an ambitious investment plan worth 17.8 billion rubles, aimed at modernizing the terminal's infrastructure.
According to the terminal's managing director, Vladislav Zhukov, the project is ahead of schedule, with construction of new warehouses and two berths currently underway. The modernization of the terminal is expected to increase its processing volume of grain to a staggering 13 million tons, more than doubling its current capacity.
However, as of mid-2025, the specific details of the 17.8 billion ruble project have not been explicitly detailed in available public sources. There have been related developments indicating ongoing negotiations and operational challenges at the Novorossiysk grain terminal.
For instance, the Chinese state food trading corporation COFCO has been in talks since at least July 2025 to acquire a 25 percent stake in the grain export terminal in Novorossiysk, known as KSK, which is Russia’s third-largest grain terminal. This suggests strategic interest and potential investment expansion but does not specify the status of the 17.8 billion ruble project itself.
The terminal has also suffered damage from Ukrainian drone attacks reported in May 2025, which may have impacted operations or investment timelines at Novorossiysk’s grain export facilities.
Despite these challenges, the negotiations involving COFCO suggest ongoing investment and possible expansion plans despite regional risks connected to the conflict in Ukraine.
The modernization of the port's infrastructure, including the terminal, is aimed at increasing grain reception volumes by 2029. The governor of Krasnodar Krai, Veniamin Kondratyev, expressed gratitude to the company's management for their investments and discussed the project during the St. Petersburg International Economic Forum (SPIEF).
Last year, the terminal processed 7.2 million tons of grain, a figure that, if the modernization plans are successful, could see a significant increase in the coming years. The governor did not specify the details of the modernization plan, but he shared in his Telegram channel that the project is progressing well.
The investments by the company are expected to have a positive impact on the region's economy, further solidifying Novorossiysk's position as a key player in Russia's grain export market.
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- The ambitious investment plan of the Novorossiysk Grain Terminal, valued at 17.8 billion rubles, is not only focused on modernizing the terminal's infrastructure but also aims to increase the general-news industry's business operations in the region.
- As the terminal's processing volume of grain is expected to more than double due to the modernization project, it is likely to attract further interest from finance and politics, particularly with the ongoing negotiations involving Chinese state food trading corporation COFCO.
- The successful implementation of the investment project could potentially boost the economy of the region, making Novorossiysk a significant player in the global finance, politics, business, and general-news arenas.
