SEZ Alabuga and VTB Bank have signed a cooperation agreement during SPIEF, launching the construction of the Deng Xiaoping Logistic Center

Within the framework of the 26th St. Petersburg International Economic Forum the Special economic zone «Alabuga» and VTB Bank (PJSC) gave a start to the construction of the largest logistics complex in Russia named after Deng Xiaoping. During the event, the first historic pile of the future terminal was driven live. The project will expand container logistics bottlenecks in the Volga Federal District.

The meeting was attended by Valery Lukyanenko, Deputy President-Chairman of the Board and Timur Shagivaleev, General Director of SEZ Alabuga. The parties have signed the agreement on development of cooperation. It stipulates VTB participation in the implementation of investment projects implemented by the Special Economic Zone on the territory of the Republic of Tatarstan, provision of consulting and information services in the banking, investment and financial areas, as well as offering individual service conditions for the company's employees.

«VTB and Alabuga cooperate closely in the implementation of strategically important projects in Russia. Just recently the bank allocated us loan funds and today the work is already in full swing at the site,» emphasized Shagivaleev. - It is symbolic that today, we have witnessed a historic moment, together with our colleagues, - the driving of the first pile of the largest logistics terminal in Russia, which is named after the great Chinese reformer Deng Xiaoping. As part of the Alabuga project, Rustam Minnikhanov, the President of the Republic of Tatarstan, instructed us to loop container shipments and cargo shipments to China. We plan to build all the necessary infrastructure».

«As a systemically important bank VTB is aimed at strengthening the industrial potential of individual regions and the country as a whole. Conclusion of our agreement today is an important step to expand cooperation between VTB and Alabuga, which, in our opinion, will significantly support the development of the territory of the special economic zone, the Republic of Tatarstan and the Russian Federation», - said Lukyanenko.

The start of close cooperation between the parties in the development of infrastructure of SEZ «Alabuga» was the agreement signed in August 2022 to open a credit line of 51.3 billion rubles. The investment will be used to build industrial facilities on the territory of the SEZ as part of the strategy for prospective development until 2032.

In April of this year VTB and the special economic zone «Alabuga» signed another credit agreement to finance the construction of the Deng Xiaoping logistics center and infrastructure facilities for the industrial park «Ethylene 600» in the Republic of Tatarstan. The volume of financing will amount to 56 billion rubles for a period until 2033.

In actively supporting investment projects in the region, VTB has become a strategic partner for the SEZ. For the last year, the total limit of financed projects exceeded 130 billion rubles.

For reference:

Up to date 33 enterprises are operating in «Alabuga», the volume of residents' actual investments is more than 162 billion rubles, 11 thousand jobs have already been created, the residents' revenue for the last year amounted to 138 billion rubles. For investment projects SEZ «Alabuga» is a full-cycle partner, providing the best engineering, construction, personnel and social infrastructure.

Logistics terminal after Deng Xiaoping will become a part of the industrial park «Ethylene 600». The logistic center will be the largest in Russia. It will appear on the territory of Tukaevsky district of Tatarstan. The initial area of the terminal under the project will be 65 hectares. The length of the container yard will be 1.05 km, which will allow to perform loading and unloading operations with the whole container train at once without additional shunting operations.

The logistics complex will provide services for short-term and long-term cargo storage, loading and unloading, order management and accounting of stored goods, weighing and marking of goods, formation of cargo lots, etc. The planned capacity of all phases of the logistics complex project is 100 thousand containers a year.

Ethylene 600 Industrial Park will be the only site in Russia where a unique window of opportunity has been created for producers of small and medium-tonnage chemicals to get access to petrochemical raw materials. The agreement on construction of the park was signed in August 2022 between SEZ Alabuga and SIBUR PJSC. The total investment in the project will amount to 1.3 trillion rubles, of which 140 billion rubles are investments of SEZ.

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